PPP Loan Data — Seng Heuansavath, Stockton, CA
Seng Heuansavath is a sole proprietorship located at 8626 North Lower Sacramento Road Suite 12 in Stockton, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Seng Heuansavath in Stockton, CA received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in May, 2020.
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, Seng Heuansavath's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Seng Heuansavath reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Seng Heuansavath in Stockton, CA
8626 North Lower Sacramento Road Suite 12
Stockton, CA 95210
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Stockton
In the Stockton area, 27 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $51,443 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Stockton Bc LLC
Fresh & Natural Cafe 97 LLC
Sushi House Buffet Partnership
Mamas Pho And Sandwiches A General Partnership
China Palace Restaurant
TL Noodle Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 450% higher than Seng Heuansavath's reported 4 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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