PPP Loan Data — Sitna Solutions, LLC, Washington, UT
Sitna Solutions, LLC is a limited liability company (LLC) located at 170 W Sage Ln in Washington, Utah 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:JPMorgan Chase Bank, National Association
Sitna Solutions, LLC in Washington, UT received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, 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, Sitna Solutions, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sitna Solutions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,500
- Utilities: $4,500
- Rent: $1,500
- Health Care: $1,500
Business Information - Sitna Solutions, LLC in Washington, UT
170 W Sage Ln
Washington, UT 84780
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 3 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $22,222 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 100% higher than Sitna Solutions, LLC's reported 2 employees, and received an average PPP loan of $44,524, 78% higher than this company's loan of $25,000.
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Footnotes & Information
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