PPP Loan Data — Subi Inc, Cerritos, CA
Subi Inc is a corporation located at 11309 183rd St in Cerritos, California that received a Coronavirus-related PPP loan from the SBA of $25,279.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Subi Inc in Cerritos, CA received a Paycheck Protection Loan of $25,279 through Wells Fargo Bank, National Association, which was approved in May, 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 February, 2021.
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, Subi Inc's 2019 payroll expenses are estimated to be at least $121,339.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,112 per employee1
Reported PPP Proceed Usage:
On the PPP application, Subi Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,279
Business Information - Subi Inc in Cerritos, CA
11309 183rd St
Cerritos, CA 90703
NAICS code 722513
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cerritos
In the Cerritos area, 66 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 12) and received an average PPP loan of $119,387 (compared to this company's $25,279).
Similar Nearby Businesses Who Received PPP Funding:
Aliments Fsu Inc
Kahani Restaurants LLC
R&T Uniwealth Inc
B & B Donut
Enchant Foods Inc
CMG Restaurant Group
Laksh Enterprises Inc
Antonios Pizzeria & Cabaret Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 75% higher than Subi Inc's reported 12 employees, and received an average PPP loan of $100,980, 299% higher than this company's loan of $25,279.
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Footnotes & Information
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