PPP Loan Data — Sacrx Corporation, Sacramento, CA
Sacrx Corporation is a corporation located at 6540 Stockton Blvd,suite 3b in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $24,893.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Sacrx Corporation in Sacramento, CA received a Paycheck Protection Loan of $24,893 through Cross River 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, Sacrx Corporation's 2019 payroll expenses are estimated to be at least $119,486.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,897 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sacrx Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,893
Business Information - Sacrx Corporation in Sacramento, CA
6540 Stockton Blvd,suite 3b
Sacramento, CA 95823
NAICS code 621511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 4 businesses in the "Medical Laboratories" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $25,208 (compared to this company's $24,893).
Similar Nearby Businesses Who Received PPP Funding:
Mikes Dental Lab, Inc
Doris Say DBA Doris S Say MD
Industry PPP Comparison Statistics
Nationwide, 5,753 businesses in the "Medical Laboratories" industry received a total of $848.85M 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 14 employees, 180% higher than Sacrx Corporation's reported 5 employees, and received an average PPP loan of $147,548, 493% higher than this company's loan of $24,893.
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