PPP Loan Data — Serena & Lily, Inc, Sausalito, CA
Serena & Lily, Inc is a corporation located at 10 Liberty Ship Way Suite 350 in Sausalito, California that received a Coronavirus-related PPP loan from the SBA of $4,417,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Serena & Lily, Inc in Sausalito, CA received a Paycheck Protection Loan of $4.42M through PNC Bank, National Association, which was approved in April, 2020.
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.
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, Serena & Lily, Inc's 2019 payroll expenses are estimated to be at least $21.2M.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $60,579 per employee1
Reported PPP Proceed Usage:
On the PPP application, Serena & Lily, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,417,200
Business Information - Serena & Lily, Inc in Sausalito, CA
10 Liberty Ship Way Suite 350
Sausalito, CA 94965
All Other Home Furnishings Stores
NAICS code 442299
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
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 350) and received an average PPP loan of $2,218,600 (compared to this company's $4.42M).
Similar Nearby Businesses Who Received PPP Funding:
Sausalito Picture Framing
Industry PPP Comparison Statistics
Nationwide, 6,782 businesses in the "All Other Home Furnishings Stores" industry received a total of $387.93M 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, 98% lower than Serena & Lily, Inc's reported 350 employees, and received an average PPP loan of $57,200, 99% lower than this company's loan of $4.42M.
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Footnotes & Information
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