PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Protea Flower Hill Mall LLC, La Jolla, CA

ALERT: There are 2 PPP loans for a total of $94,064 in our database for businesses with the name "Protea Flower Hill Mall LLC" in La Jolla, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Protea Flower Hill Mall LLC
CA

Protea Flower Hill Mall LLC

Entity: Limited Liability Company (LLC)

Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)

Location: La Jolla, CA

Search All PPP Data

Protea Flower Hill Mall LLC is a limited liability company (LLC) located at 3262 Holiday Ct Ste 100 in La Jolla, California that received a Coronavirus-related PPP loan from the SBA of $47,107.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #1173078504

Loan Size:

$47,107

Jobs Retained:

3

Loan Approved:

2021-02-18

Loan Status:

Ongoing Loan

Lender:

MUFG Union Bank, National Association

Protea Flower Hill Mall LLC in La Jolla, CA received a Paycheck Protection Loan of $47,107 through MUFG Union Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Protea Flower Hill Mall LLC's 2019 payroll expenses are estimated to be at least $226,114.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,371 per employee1

Reported PPP Proceed Usage:

On the PPP application, Protea Flower Hill Mall LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $47,105
  • Utilities: $1

Business Information - Protea Flower Hill Mall LLC in La Jolla, CA

Protea Flower Hill Mall LLC
3262 Holiday Ct Ste 100
La Jolla, CA 92037

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

San Diego County, CA — SBA Office 0954 — Congressional District: CA-52

Similar Companies near La Jolla

In the La Jolla area, 13 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $50,793 (compared to this company's $47,107).

Industry PPP Comparison Statistics

Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 233% higher than Protea Flower Hill Mall LLC's reported 3 employees, and received an average PPP loan of $89,367, 90% higher than this company's loan of $47,107.

SBA PPP loan data, payroll data, and salaries for Protea Flower Hill Mall, LLC
CA

Protea Flower Hill Mall, LLC

Entity: Limited Liability Company (LLC)

Industry: Nonresidential Property Managers

Location: La Jolla, CA

Search All PPP Data

Protea Flower Hill Mall, LLC is a limited liability company (LLC) located at 3262 Holiday Court, Suite 100 in La Jolla, California that received a Coronavirus-related PPP loan from the SBA of $46,957.00 in April, 2020.

$ PPP Loan Information
Loan #6492447109

Loan Size:

$46,957

Jobs Retained:

3

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

MUFG Union Bank, National Association

Protea Flower Hill Mall, LLC in La Jolla, CA received a Paycheck Protection Loan of $46,957 through MUFG Union Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Protea Flower Hill Mall, LLC's 2019 payroll expenses are estimated to be at least $225,394.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,131 per employee1

Reported PPP Proceed Usage:

On the PPP application, Protea Flower Hill Mall, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,957

Business Information - Protea Flower Hill Mall, LLC in La Jolla, CA

Protea Flower Hill Mall, LLC
3262 Holiday Court, Suite 100
La Jolla, CA 92037

Business Industry:
Nonresidential Property Managers
NAICS code 531312

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

San Diego County, CA — SBA Office 0954 — Congressional District: CA-52

Similar Companies near La Jolla

In the La Jolla area, 8 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $125,708 (compared to this company's $46,957).

Industry PPP Comparison Statistics

Nationwide, 11,970 businesses in the "Nonresidential Property Managers" industry received a total of $1.22B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 9 employees, 200% higher than Protea Flower Hill Mall, LLC's reported 3 employees, and received an average PPP loan of $101,557, 116% higher than this company's loan of $46,957.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/protea-flower-hill-mall-llc-la-jolla-ca