PPP Loan Data — Smart Security Solutions, Orinda, CA
Smart Security Solutions is a corporation located at 185 Holly Lane in Orinda, California that received a Coronavirus-related PPP loan from the SBA of $46,273.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Smart Security Solutions in Orinda, CA received a Paycheck Protection Loan of $46,273 through Wells Fargo Bank, National Association, which was approved in May, 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, Smart Security Solutions' 2019 payroll expenses are estimated to be at least $222,110.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,528 per employee1
Reported PPP Proceed Usage:
On the PPP application, Smart Security Solutions reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,273
Business Information - Smart Security Solutions in Orinda, CA
185 Holly Lane
Orinda, CA 94563
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 Orinda
In the Orinda area, 19 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $27,983 (compared to this company's $46,273).
Similar Nearby Businesses Who Received PPP Funding:
Hedy Veverka Consultancy
Adonal Foyle LLC
Lexi James Tawes Consulting
Advanced Risk Consulting
Bay Area Startup Network
Cloud Swing Consulting Inc
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, the same amount reported by Smart Security Solutions and received an average PPP loan of $44,524, 4% lower than this company's loan of $46,273.
FederalPay's PPP Information Policy
Footnotes & Information
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