PPP Loan Data — San Luis Inc, Vancouver, WA
San Luis Inc is a subchapter s corporation located at 2610 Fourth Blvd E in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $46,794.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
San Luis Inc in Vancouver, WA received a Paycheck Protection Loan of $46,794 through U.S. Bank, National Association, which was approved in June, 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 June, 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, San Luis Inc's 2019 payroll expenses are estimated to be at least $224,611.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,957 per employee1
Reported PPP Proceed Usage:
On the PPP application, San Luis Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,794
Business Information - San Luis Inc in Vancouver, WA
2610 Fourth Blvd E
Vancouver, WA 98661
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Vancouver
In the Vancouver area, 51 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 9) and received an average PPP loan of $298,299 (compared to this company's $46,794).
Similar Nearby Businesses Who Received PPP Funding:
Vancouver Pizza Co., LLC
PM Tucson LLC
One Good Putt Lnc
JTD Enterprises LLC
Kafiex Roasters LLC
Oregon North Star Restaurants, LLC
Tom Lovelace Company, LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 133% higher than San Luis Inc's reported 9 employees, and received an average PPP loan of $100,980, 116% higher than this company's loan of $46,794.
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Footnotes & Information
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