PPP Loan Data — Stice Company Inc, Irvine, CA
Stice Company Inc is a corporation located at 10851 Jeffrey Rd in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $2,034,439.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 68 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Stice Company Inc in Irvine, CA received a Paycheck Protection Loan of $2.03M through Bank of America, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 98. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Stice Company Inc's 2019 payroll expenses are estimated to be at least $9.77M (not accounting for salary amounts > $100k).
Because the 68 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Stice Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,034,439
Business Information - Stice Company Inc in Irvine, CA
10851 Jeffrey Rd
Irvine, CA 92602
NAICS code 541330
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 16 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 68) and received an average PPP loan of $146,915 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
AHZ Consulting Engineers Inc
Charley Technologies Inc
Orbit Engineering LLC
Arce Design Studio 1.0 Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 81% lower than Stice Company Inc's reported 68 employees, and received an average PPP loan of $194,873, 90% lower than this company's loan of $2.03M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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