PPP Loan Data — Starboard Medical Inc, Irvine, CA
Starboard Medical Inc is a subchapter s corporation located at 18001 Sky Cir in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $24,911.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Starboard Medical Inc in Irvine, CA received a Paycheck Protection Loan of $24,911 through U.S. Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Starboard Medical Inc's 2019 payroll expenses are estimated to be at least $119,573.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,082 per employee1
Reported PPP Proceed Usage:
On the PPP application, Starboard Medical Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,911
Business Information - Starboard Medical Inc in Irvine, CA
18001 Sky Cir
Irvine, CA 92614
Surgical Appliance and Supplies Manufacturing
NAICS code 339113
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,533 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a total of $392.65M 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 14 employees, 100% higher than Starboard Medical Inc's reported 7 employees, and received an average PPP loan of $155,013, 522% higher than this company's loan of $24,911.
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Footnotes & Information
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