PPP Loan Data — Salt Creek International, Ladera Ranch, CA
Salt Creek International
Location: Ladera Ranch, CATweet This • Search All PPP Data
Salt Creek International is a corporation located at 27762 Antonio Pkwy # L1-292 in Ladera Ranch, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Salt Creek International in Ladera Ranch, CA received a Paycheck Protection Loan of $25,000 through Bank of the West, which was approved in January, 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, Salt Creek International's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Salt Creek International reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
- Utilities: $1
Business Information - Salt Creek International in Ladera Ranch, CA
27762 Antonio Pkwy # L1-292
Ladera Ranch, CA 92694
Other Miscellaneous Nondurable Goods Merchant Wholesalers
NAICS code 424990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ladera Ranch
In the Ladera Ranch area, 2 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $70,834 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Trabuco Canyon, CA
Industry PPP Comparison Statistics
Nationwide, 15,243 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $1.34B 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 9 employees, 350% higher than Salt Creek International's reported 2 employees, and received an average PPP loan of $88,038, 252% higher than this company's loan of $25,000.
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