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PPP Loan Data — Spiga I LLC, Redwood City, CA

SBA PPP loan data, payroll data, and salaries for Spiga I LLC
CA

Spiga I LLC

Entity: Limited Liability Partnership

Industry: Food Service Contractors

Location: Redwood City, CA

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Spiga I LLC is a limited liability partnership located at 900b Middlefield Road in Redwood City, California that received a Coronavirus-related PPP loan from the SBA of $64,522.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$64,522

Jobs Retained:

15

Loan Approved:

2020-06-16

Lender:

WEBBANK

Spiga I LLC received a Paycheck Protection Loan of $64,522 through WEBBANK, which was approved in June, 2020.

Based on standard PPP eligibility rules, Spiga I LLC's total 2019 payroll expenses were approximately $309,706 in order to qualify for the PPP loan amount received.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $20,647 per employee1.

Business Information - Spiga I LLC in Redwood City, CA

Spiga I LLC
900b Middlefield Road
Redwood City, CA 94063

Business Industry

Food Service Contractors (NAICS code 722310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-14

Similar Companies near Redwood City

In the Redwood City area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 15) and received an average PPP loan of $1,643,246 (compared to this company's $64,522).

Industry PPP Comparison Statistics

Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 15 employees, the same amount reported by Spiga I LLC and received an average PPP loan of $108,317, 68% higher than this company's loan of $64,522.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/spiga-i-llc-redwood-city-ca