PPP Loan Data — South Coast Winery, Temecula, CA
South Coast Winery is a subchapter s corporation located at 34843 Rancho California Rd in Temecula, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
South Coast Winery in Temecula, CA received a Paycheck Protection Loan of $2M through Mechanics Bank, 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, South Coast Winery's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $34,286 per employee1
Reported PPP Proceed Usage:
On the PPP application, South Coast Winery reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - South Coast Winery in Temecula, CA
34843 Rancho California Rd
Temecula, CA 92591
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Temecula
In the Temecula area, 31 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 280) and received an average PPP loan of $317,383 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Ponte Vineyard Inn, LLC
Temecula Hhg Hotel Development, LP
Starwood Hospitality, LLC
Hundreds Premium LLC
Pechanga Resorts Incoporated
Pechanga Resorts Incorporated
OHM Kareshver, Inc
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 92% lower than South Coast Winery's reported 280 employees, and received an average PPP loan of $168,829, 92% lower than this company's loan of $2M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!