PPP Loan Data — Southern California Illumination, Irvine, CA
Southern California Illumination is a corporation located at 240 Commerce Ste 100 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $1,725,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Pacific Western Bank
Southern California Illumination in Irvine, CA received a Paycheck Protection Loan of $1.73M through Pacific Western Bank, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 83. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Southern California Illumination's 2019 payroll expenses are estimated to be at least $8.28M (not accounting for salary amounts > $100k).
Because the 70 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Southern California Illumination reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,724,998
- Utilities: $1
Business Information - Southern California Illumination in Irvine, CA
240 Commerce Ste 100
Irvine, CA 92602
Other Specialized Design Services
NAICS code 541490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 6 businesses in the "Other Specialized Design Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 70) and received an average PPP loan of $646,703 (compared to this company's $1.73M).
Similar Nearby Businesses Who Received PPP Funding:
Southern California Illuminati
Black Label Worldwide LLC
Vertical Web Design, Inc
Industry PPP Comparison Statistics
Nationwide, 15,734 businesses in the "Other Specialized Design Services" industry received a total of $603.75M 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 3 employees, 96% lower than Southern California Illumination's reported 70 employees, and received an average PPP loan of $38,372, 98% lower than this company's loan of $1.73M.
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Footnotes & Information
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