PPP Loan Data — SS Building LLC, San Diego, CA
SS Building LLC is a limited liability company (LLC) located at 3520 Kurtz Street Suite C in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $46,847.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
SS Building LLC in San Diego, CA received a Paycheck Protection Loan of $46,847 through Cross River Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, SS Building LLC's 2019 payroll expenses are estimated to be at least $224,866.
Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $9,369 per employee1
Reported PPP Proceed Usage:
On the PPP application, SS Building LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,847
Business Information - SS Building LLC in San Diego, CA
3520 Kurtz Street Suite C
San Diego, CA 92110
Industrial Building Construction
NAICS code 236210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 3 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 24) and received an average PPP loan of $78,024 (compared to this company's $46,847).
Similar Nearby Businesses Who Received PPP Funding:
Flexcor Construction Services
San Diego, CA
JVM Construction Inc
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 16,732 businesses in the "Industrial Building Construction" industry received a total of $2.24B 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 10 employees, 58% lower than SS Building LLC's reported 24 employees, and received an average PPP loan of $134,004, 186% higher than this company's loan of $46,847.
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Footnotes & Information
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