PPP Loan Data — Richard W. Powell Certified, Chico, CA
Richard W. Powell Certified is a subchapter s corporation located at 1154 W 8th Avenue in Chico, California that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Northern California National Bank
Richard W. Powell Certified in Chico, CA received a Paycheck Protection Loan of $47,000 through Northern California National Bank, which was approved in April, 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, Richard W. Powell Certified's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Richard W. Powell Certified reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Richard W. Powell Certified in Chico, CA
1154 W 8th Avenue
Chico, CA 95926
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chico
In the Chico area, 14 businesses in the "Offices of Certified Public Accountants" 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 $51,866 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Debbie Allen, Ea, Inc
Willingham & Lotspeich CPA PC
Harrison-Dailey-Wright Accountancy Corporation
Willingham & Lotspeich CPAs PC
Bean Counting Firm, Inc
Magnum CPA PC
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 20% higher than Richard W. Powell Certified's reported 5 employees, and received an average PPP loan of $73,772, 57% higher than this company's loan of $47,000.
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Footnotes & Information
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