PPP Loan Data — R D Spaletto Enterprises Inc, Walnut Creek, CA
R D Spaletto Enterprises Inc
Entity: Subchapter S Corporation
Location: Walnut Creek, CATweet This • Search All PPP Data
R D Spaletto Enterprises Inc is a subchapter s corporation located at 1415 Oakland Boulevard Suite 215 in Walnut Creek, California that received a Coronavirus-related PPP loan from the SBA of $25,450.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Bank of the Bay
R D Spaletto Enterprises Inc in Walnut Creek, CA received a Paycheck Protection Loan of $25,450 through Community Bank of the Bay, 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, R D Spaletto Enterprises Inc's 2019 payroll expenses are estimated to be at least $122,160.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, R D Spaletto Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,450
Business Information - R D Spaletto Enterprises Inc in Walnut Creek, CA
1415 Oakland Boulevard Suite 215
Walnut Creek, CA 94596
Book, Periodical, and Newspaper Merchant Wholesalers
NAICS code 424920
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,377 businesses in the "Book, Periodical, and Newspaper Merchant Wholesalers" industry received a total of $105.88M 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, 400% higher than R D Spaletto Enterprises Inc's reported 2 employees, and received an average PPP loan of $76,890, 202% higher than this company's loan of $25,450.
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