PPP Loan Data — SHU Fen MA Inc, Sacramento, CA
SHU Fen MA Inc is a corporation located at 131 Summer Stroll Cir in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $25,301.00 in January, 2021.
The company has reported itself as an Asian female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
SHU Fen MA Inc in Sacramento, CA received a Paycheck Protection Loan of $25,301 through Bank of America, National Association, which was approved in January, 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, SHU Fen MA Inc's 2019 payroll expenses are estimated to be at least $121,445.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,289 per employee1
Reported PPP Proceed Usage:
On the PPP application, SHU Fen MA Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,301
Business Information - SHU Fen MA Inc in Sacramento, CA
131 Summer Stroll Cir
Sacramento, CA 95823
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 120 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 5) and received an average PPP loan of $68,987 (compared to this company's $25,301).
Similar Nearby Businesses Who Received PPP Funding:
Tugboat Fish & Chips #6,Inc
Trac Luong 12 Inc
Pollo King Inc
A To Z Catering Inc
New Hong Kong Wok 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, 340% higher than SHU Fen MA Inc's reported 5 employees, and received an average PPP loan of $129,504, 412% higher than this company's loan of $25,301.
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Footnotes & Information
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