PPP Loan Data — Shepard Brothers, Inc, La Habra, CA
Shepard Brothers, Inc is a subchapter s corporation located at 503 S Cypress St in La Habra, California that received a Coronavirus-related PPP loan from the SBA of $1,734,315.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least 98 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Banc of California, National Association
Shepard Brothers, Inc in La Habra, CA received a Paycheck Protection Loan of $1.73M through Banc of California, National Association, which was approved in April, 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 May, 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, Shepard Brothers, Inc's 2019 payroll expenses are estimated to be at least $8.32M.
Based on their reported 98 jobs retained, this equals an estimated average yearly compensation of $84,946 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shepard Brothers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,445,207
- Health Care: $289,108
Business Information - Shepard Brothers, Inc in La Habra, CA
503 S Cypress St
La Habra, CA 90631
Polish and Other Sanitation Good Manufacturing
NAICS code 325612
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 693 businesses in the "Polish and Other Sanitation Good Manufacturing" industry received a total of $94.39M 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 14 employees, 86% lower than Shepard Brothers, Inc's reported 98 employees, and received an average PPP loan of $136,202, 92% lower than this company's loan of $1.73M.
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Footnotes & Information
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