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

PPP Loan Data — Revasum Inc, San Luis Obispo, CA

ALERT: There are 2 PPP loans for a total of $3.38M in our database for businesses with the name "Revasum Inc" in San Luis Obispo, 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 Revasum Inc
CA

Revasum Inc

Entity: Corporation

Industry: Semiconductor Machinery Manufacturing

Location: San Luis Obispo, CA

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Revasum Inc is a corporation located at 825 Buckley Rd in San Luis Obispo, California that received a Coronavirus-related PPP loan from the SBA of $1,165,370.00 in January, 2021.

$ PPP Loan Information
Loan #4119598303

Loan Size:

$1.17M

Jobs Retained:

52

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Western Alliance Bank
Likely Employment Reduction3

Revasum Inc in San Luis Obispo, CA received a Paycheck Protection Loan of $1.17M through Western Alliance Bank, which was approved in January, 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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 52 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 56. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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, Revasum Inc's 2019 payroll expenses are estimated to be at least $5.59M (not accounting for salary amounts > $100k).

Because the 52 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Revasum Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,165,366
  • Utilities: $1

Business Information - Revasum Inc in San Luis Obispo, CA

Revasum Inc
825 Buckley Rd
San Luis Obispo, CA 93401

Business Industry:
Semiconductor Machinery Manufacturing
NAICS code 333242

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: N

Rural / Urban: Urban

San Luis Obispo County, CA — SBA Office 0942 — Congressional District: CA-24

Industry PPP Comparison Statistics

Nationwide, 240 businesses in the "Semiconductor Machinery Manufacturing" industry received a total of $77.14M 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 21 employees, 60% lower than Revasum Inc's reported 52 employees, and received an average PPP loan of $321,416, 72% lower than this company's loan of $1.17M.

SBA PPP loan data, payroll data, and salaries for Revasum, Inc
CA

Revasum, Inc

Entity: Corporation

Industry: All Other Support Services

Location: San Luis Obispo, CA

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Revasum, Inc is a corporation located at 825 Buckley Rd in San Luis Obispo, California that received a Coronavirus-related PPP loan from the SBA of $2,213,100.00 in April, 2020.

$ PPP Loan Information
Loan #6141307100

Loan Size:

$2.21M

Jobs Retained:

77

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

Western Alliance Bank
Likely Employment Reduction3

Revasum, Inc in San Luis Obispo, CA received a Paycheck Protection Loan of $2.21M through Western Alliance Bank, 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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 77 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 106. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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, Revasum, Inc's 2019 payroll expenses are estimated to be at least $10.62M (not accounting for salary amounts > $100k).

Because the 77 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Revasum, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,701,350
  • Utilities: $45,000
  • Rent: $201,750
  • Health Care: $245,000
  • Debt Interest: $20,000
Because the loan received by Revasum, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Revasum, Inc in San Luis Obispo, CA

Revasum, Inc
825 Buckley Rd
San Luis Obispo, CA 93401

Business Industry:
All Other Support Services
NAICS code 561990

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: N

Rural / Urban: Urban

San Luis Obispo County, CA — SBA Office 0942 — Congressional District: CA-24

Similar Companies near San Luis Obispo

In the San Luis Obispo area, 9 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 77) and received an average PPP loan of $261,793 (compared to this company's $2.21M).

Industry PPP Comparison Statistics

Nationwide, 33,705 businesses in the "All Other Support Services" industry received a total of $1.71B 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, 91% lower than Revasum, Inc's reported 77 employees, and received an average PPP loan of $50,635, 98% lower than this company's loan of $2.21M.

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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/revasum-inc-san-luis-obispo-ca