PPP Loan Data — Starlings Volleyball, USA, Carlsbad, CA
Starlings Volleyball, USA is a non-profit organization located at 5857 Owens Ave in Carlsbad, California that received a Coronavirus-related PPP loan from the SBA of $46,017.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Starlings Volleyball, USA in Carlsbad, CA received a Paycheck Protection Loan of $46,017 through MUFG Union Bank, 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, Starlings Volleyball, USA's 2019 payroll expenses are estimated to be at least $220,882.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,627 per employee1
Reported PPP Proceed Usage:
On the PPP application, Starlings Volleyball, USA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,017
Business Information - Starlings Volleyball, USA in Carlsbad, CA
5857 Owens Ave
Carlsbad, CA 92008
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Carlsbad
In the Carlsbad area, 41 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $45,437 (compared to this company's $46,017).
Similar Nearby Businesses Who Received PPP Funding:
Carlsbad Fitness Investment Group LLC
Ocean Day Spa, LLC
Encinitas Boxing Inc
The Gym Doctors Inc
Royal Distributors LLC
CFG Carlsbad LLC
Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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 12 employees, 300% higher than Starlings Volleyball, USA's reported 3 employees, and received an average PPP loan of $47,823, 4% higher than this company's loan of $46,017.
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Footnotes & Information
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