PPP Loan Data — Studio Gs, Inc, Berkeley, CA
Studio Gs, Inc is a subchapter s corporation located at 2223 5th Street in Berkeley, California that received a Coronavirus-related PPP loan from the SBA of $25,150.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Studio Gs, Inc in Berkeley, CA received a Paycheck Protection Loan of $25,150 through Mechanics 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, Studio Gs, Inc's 2019 payroll expenses are estimated to be at least $120,720.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Studio Gs, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,150
Business Information - Studio Gs, Inc in Berkeley, CA
2223 5th Street
Berkeley, CA 94710
NAICS code 541310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Berkeley
In the Berkeley area, 49 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 2) and received an average PPP loan of $189,218 (compared to this company's $25,150).
Similar Nearby Businesses Who Received PPP Funding:
Steven Grover Nienstedt
Meyer Studio Land Architects
Devi Dutta Architecture Inc
Fernau & Hartman Architects Inc
Kava Massih Architects
Goring & Straja Architects, Professional Corporation
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 300% higher than Studio Gs, Inc's reported 2 employees, and received an average PPP loan of $129,489, 415% higher than this company's loan of $25,150.
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Footnotes & Information
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