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PPP Loan Data — Sausalito Picture Framing, Sausalito, CA

SBA PPP loan data, payroll data, and salaries for Sausalito Picture Framing
CA

Sausalito Picture Framing

Entity: Sole Proprietorship

Industry: All Other Home Furnishings Stores

Location: Sausalito, CA

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Sausalito Picture Framing is a sole proprietorship located in Sausalito, California that received a Coronavirus-related PPP loan from the SBA of $20,000.00 in February, 2021.

$ PPP Loan Information
Loan #6232728404

Loan Size:

$20,000

Jobs Retained:

1

Loan Approved:

2021-02-10

Loan Status:

Ongoing Loan

Lender:

Bank of Marin

Sausalito Picture Framing in Sausalito, CA received a Paycheck Protection Loan of $20,000 through Bank of Marin, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Sausalito Picture Framing reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,998
  • Utilities: $1

Business Information - Sausalito Picture Framing in Sausalito, CA

Sausalito Picture Framing
Sausalito, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Home Furnishings Stores
NAICS code 442299

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Marin County, CA — SBA Office 0912 — Congressional District: CA-02

Similar Companies near Sausalito

In the Sausalito area, 2 businesses in the "All Other Home Furnishings Stores" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 1) and received an average PPP loan of $2,218,600 (compared to this company's $20,000).

Similar Nearby Businesses Who Received PPP Funding:

Serena & Lily, Inc
Sausalito, CA

$4.42M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,416 businesses in the "All Other Home Furnishings Stores" industry received a total of $406.69M 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 7 employees, 600% higher than Sausalito Picture Framing's reported 1 employees, and received an average PPP loan of $54,839, 174% higher than this company's loan of $20,000.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sausalito-picture-framing-sausalito-ca