PPP Loan Data — San Luis Financial, Inc, San Luis Obispo, CA
San Luis Financial, Inc is a corporation located at 1204 Nipomo Street in San Luis Obispo, California that received a Coronavirus-related PPP loan from the SBA of $25,223.00 in July, 2020.
The company has reported itself as a White owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Harvest Small Business Finance, LLC
San Luis Financial, Inc in San Luis Obispo, CA received a Paycheck Protection Loan of $25,223 through Harvest Small Business Finance, LLC, which was approved in July, 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, San Luis Financial, Inc's 2019 payroll expenses are estimated to be at least $121,070.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,357 per employee1
Reported PPP Proceed Usage:
On the PPP application, San Luis Financial, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,223
Business Information - San Luis Financial, Inc in San Luis Obispo, CA
1204 Nipomo Street
San Luis Obispo, CA 93401
Mortgage and Nonmortgage Loan Brokers
NAICS code 522310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near San Luis Obispo
In the San Luis Obispo area, 4 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $28,164 (compared to this company's $25,223).
Similar Nearby Businesses Who Received PPP Funding:
Mid Coast Capital DBA Scott Cursey
San Luis Obispo, CA
Los Osos, CA
PAC Cap Mortgage Inc
Los Osos, CA
Industry PPP Comparison Statistics
Nationwide, 6,723 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $679.39M 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 8 employees, 167% higher than San Luis Financial, Inc's reported 3 employees, and received an average PPP loan of $101,055, 301% higher than this company's loan of $25,223.
FederalPay's PPP Information Policy
Footnotes & Information
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