PPP Loan Data — Protech Building Services, San Jose, CA
Protech Building Services is a sole proprietorship located at 6203 San Ignacio Ave Ste 110 in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Protech Building Services in San Jose, CA received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Protech Building Services' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Protech Building Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Protech Building Services in San Jose, CA
6203 San Ignacio Ave Ste 110
San Jose, CA 95119
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Race: Black or African American
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near San Jose
In the San Jose area, 5 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $33,921 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
San Jose, CA
Low Buck Pools
San Jose, CA
DE Young Staging & Design Inc
San Jose, CA
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 40% higher than Protech Building Services' reported 5 employees, and received an average PPP loan of $45,205, 81% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!