PPP Loan Data — Santa Cruz Seaside Company, Santa Cruz, CA
Santa Cruz Seaside Company is a corporation located at 400 Beach Street in Santa Cruz, California that received a Coronavirus-related PPP loan from the SBA of $6,236,226.00 in August, 2020.
$ PPP Loan Information
Lender:SANTA CRUZ COUNTY BANK
Santa Cruz Seaside Company in Santa Cruz, CA received a Paycheck Protection Loan of $6.24M through SANTA CRUZ COUNTY BANK, which was approved in August, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 243 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 299.
Based on standard PPP eligibility rules, Santa Cruz Seaside Company's total 2019 payroll expenses were approximately $29.93M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 243 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Santa Cruz Seaside Company in Santa Cruz, CA
400 Beach Street
Santa Cruz, CA 95060
Amusement and Theme Parks (NAICS code 713110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-18
Similar Companies near Santa Cruz
In the Santa Cruz area, 3 businesses in the "Amusement and Theme Parks" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 243) and received an average PPP loan of $2,107,960 (compared to this company's $6.24M).
Similar Nearby Businesses Who Received PPP Funding:
Smileyorca Facepainting & Henna
Santa Cruz, CA
Cali Caricature LLC
Santa Cruz, CA
Industry PPP Comparison Statistics
Nationwide, 1,170 businesses in the "Amusement and Theme Parks" industry received a total of $170,872,684.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 30 employees, 88% lower than Santa Cruz Seaside Company's reported 243 employees, and received an average PPP loan of $146,045, 98% lower than this company's loan of $6.24M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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