PPP Loan Data — Specialty Sports Investors Inc, Santa Rosa, CA
Specialty Sports Investors Inc is a corporation located at 1911 Santa Rosa Ave in Santa Rosa, California that received a Coronavirus-related PPP loan from the SBA of $45,814.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Specialty Sports Investors Inc in Santa Rosa, CA received a Paycheck Protection Loan of $45,814 through Bank of America, 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, Specialty Sports Investors Inc's 2019 payroll expenses are estimated to be at least $219,907.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $54,977 per employee1
Reported PPP Proceed Usage:
On the PPP application, Specialty Sports Investors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,814
Business Information - Specialty Sports Investors Inc in Santa Rosa, CA
1911 Santa Rosa Ave
Santa Rosa, CA 95407
Sporting Goods Stores
NAICS code 451110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,835 businesses in the "Sporting Goods Stores" industry received a total of $738.33M 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 8 employees, 100% higher than Specialty Sports Investors Inc's reported 4 employees, and received an average PPP loan of $53,367, 16% higher than this company's loan of $45,814.
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Footnotes & Information
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