PPP Loan Data — Sarina Imports Inc, San Diego, CA
Sarina Imports Inc
Location: San Diego, CATweet This • Search All PPP Data
Sarina Imports Inc is a corporation located at 2295 Main St in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $24,979.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Sarina Imports Inc in San Diego, CA received a Paycheck Protection Loan of $24,979 through Bank of America, National Association, which was approved in May, 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 April, 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, Sarina Imports Inc's 2019 payroll expenses are estimated to be at least $119,899.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,980 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sarina Imports Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,979
Business Information - Sarina Imports Inc in San Diego, CA
2295 Main St
San Diego, CA 92154
Industrial and Personal Service Paper Merchant Wholesalers
NAICS code 424130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 3 businesses in the "Industrial and Personal Service Paper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $16,282 (compared to this company's $24,979).
Similar Nearby Businesses Who Received PPP Funding:
RB Packaging & Supplies Inc
San Diego, CA
Shinwoo Global Inc
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 1,527 businesses in the "Industrial and Personal Service Paper Merchant Wholesalers" industry received a total of $267.4M 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 15 employees, 200% higher than Sarina Imports Inc's reported 5 employees, and received an average PPP loan of $175,112, 601% higher than this company's loan of $24,979.
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