PPP Loan Data — Select Contractors Incorporated, Topanga, CA
Select Contractors Incorporated is a subchapter s corporation located at 523 Vista Valle Trail in Topanga, California that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Select Contractors Incorporated in Topanga, CA received a Paycheck Protection Loan of $46,100 through Citibank, N.A., 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, Select Contractors Incorporated's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Select Contractors Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - Select Contractors Incorporated in Topanga, CA
523 Vista Valle Trail
Topanga, CA 90290
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Topanga
In the Topanga area, 71 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 4) and received an average PPP loan of $42,142 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
October First, LLC
Townsend Vfx Inc
Tickets Verified Inc
Open Air Homes LLC
Tribble Group, Inc
MRW Commercial Finance Inc
Henry G Chou MD APC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 150% higher than Select Contractors Incorporated's reported 4 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $46,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!