PPP Loan Data — Storagepro Management Inc, Walnut Creek, CA
Storagepro Management Inc is a subchapter s corporation located at 1615 Bonanza St in Walnut Creek, California that received a Coronavirus-related PPP loan from the SBA of $1,858,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Republic Bank
Storagepro Management Inc in Walnut Creek, CA received a Paycheck Protection Loan of $1.86M through First Republic Bank, which was approved in April, 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, Storagepro Management Inc's 2019 payroll expenses are estimated to be at least $8.92M.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $53,728 per employee1
Reported PPP Proceed Usage:
On the PPP application, Storagepro Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,858,100
Business Information - Storagepro Management Inc in Walnut Creek, CA
1615 Bonanza St
Walnut Creek, CA 94596
General Warehousing and Storage
NAICS code 493110
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,995 businesses in the "General Warehousing and Storage" industry received a total of $771.67M 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 17 employees, 90% lower than Storagepro Management Inc's reported 166 employees, and received an average PPP loan of $154,488, 92% lower than this company's loan of $1.86M.
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Footnotes & Information
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