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PPP Loan Data — Retail Services Wis Corporation,
San Diego, CA
Retail Services Wis Corporation
Entity: Corporation
Industry: All Other Business Support Services
Location: San Diego, CA
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Retail Services Wis Corporation is a corporation located at 9265 Sky Park Ct Ste 100 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7072297306
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
City National BankRetail Services Wis Corporation in San Diego, CA received a Paycheck Protection Loan of $10M through City National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
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 MoreUnderstanding 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 MoreBased 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, Retail Services Wis Corporation's 2019 payroll expenses are estimated to be at least $48M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Retail Services Wis Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $9,000,000
- Utilities: $20,000
- Rent: $300,000
- Health Care: $680,000
Business Information - Retail Services Wis Corporation in San Diego, CA
9265 Sky Park Ct Ste 100
San Diego, CA 92123
Business Industry:
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 22 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 500) and received an average PPP loan of $511,532 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Armarana Enterprises, Incorporated
San Diego, CA
M5 Hosting, Inc
San Diego, CA
Ravena Inc
San Diego, CA
Takaroa Corporation Inc
San Diego, CA
JD Neal, Professional Chiropractic Corp
San Diego, CA
YMS Enterprise Inc
San Diego, CA
Gerald Coriolan
San Diego, CA
Icono Financial Services, Inc
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 51,680 businesses in the "All Other Business Support Services" industry received a total of $2.6B 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, 99% lower than Retail Services Wis Corporation's reported 500 employees, and received an average PPP loan of $50,307, 99% lower than this company's loan of $10M.
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.
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.
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