PPP Loan Data — Roadsoup, Escondido, CA
Roadsoup is a limited liability company (LLC) located at 1856 Commercial St. in Escondido, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:City National Bank of Florida
Roadsoup in Escondido, CA received a Paycheck Protection Loan of $25,000 through City National Bank of Florida, 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 March, 2021.
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, Roadsoup's 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, Roadsoup reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $6,250
Business Information - Roadsoup in Escondido, CA
1856 Commercial St.
Escondido, CA 92029
Asphalt Paving Mixture and Block Manufacturing
NAICS code 324121
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Escondido
In the Escondido area, 3 businesses in the "Asphalt Paving Mixture and Block Manufacturing" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 5) and received an average PPP loan of $173,510 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Claddagh Paving Corporation
Industry PPP Comparison Statistics
Nationwide, 1,948 businesses in the "Asphalt Paving Mixture and Block Manufacturing" industry received a total of $357.75M 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 15 employees, 200% higher than Roadsoup's reported 5 employees, and received an average PPP loan of $183,652, 635% higher than this company's loan of $25,000.
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Footnotes & Information
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