PPP Loan Data — Sticks Brown Group Inc, Stockton, CA
Sticks Brown Group Inc
Entity: Subchapter S Corporation
Location: Stockton, CATweet This • Search All PPP Data
Sticks Brown Group Inc is a subchapter s corporation located at 5453 St Andrews Drive in Stockton, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers & Merchants Bank of Central California
Sticks Brown Group Inc in Stockton, CA received a Paycheck Protection Loan of $25,000 through Farmers & Merchants Bank of Central California, 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 November, 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, Sticks Brown Group Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sticks Brown Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Sticks Brown Group Inc in Stockton, CA
5453 St Andrews Drive
Stockton, CA 95219
Other Direct Insurance (except Life, Health, and Medical) Carriers
NAICS code 524128
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, 2,019 businesses in the "Other Direct Insurance (except Life, Health, and Medical) Carriers" industry received a total of $121.68M 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 5 employees, 150% higher than Sticks Brown Group Inc's reported 2 employees, and received an average PPP loan of $60,269, 141% higher than this company's loan of $25,000.
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Footnotes & Information
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