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PPP Loan Data — Sugarfina USA LLC, El Segundo, CA

ALERT: There are 2 PPP loans for a total of $3.65M in our database for businesses with the name "Sugarfina USA LLC" in El Segundo, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Sugarfina USA LLC
CA

Sugarfina USA LLC

Entity: Limited Liability Company (LLC)

Industry: Confectionery and Nut Stores

Location: El Segundo, CA

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Sugarfina USA LLC is a limited liability company (LLC) located at 1700 E Walnut Ave Ste 500 in El Segundo, California that received a Coronavirus-related PPP loan from the SBA of $1,650,000.00 in March, 2021.

$ PPP Loan Information
Loan #9847108504

Loan Size:

$1.65M

Jobs Retained:

162

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Sugarfina USA LLC in El Segundo, CA received a Paycheck Protection Loan of $1.65M through JPMorgan Chase Bank, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Sugarfina USA LLC's 2019 payroll expenses are estimated to be at least $7.92M.

Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $48,889 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sugarfina USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,649,998
  • Utilities: $1

Business Information - Sugarfina USA LLC in El Segundo, CA

Sugarfina USA LLC
1700 E Walnut Ave Ste 500
El Segundo, CA 90245

Business Industry:
Confectionery and Nut Stores
NAICS code 445292

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-33

Industry PPP Comparison Statistics

Nationwide, 2,067 businesses in the "Confectionery and Nut Stores" industry received a total of $95.93M 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 10 employees, 94% lower than Sugarfina USA LLC's reported 162 employees, and received an average PPP loan of $46,412, 97% lower than this company's loan of $1.65M.

SBA PPP loan data, payroll data, and salaries for Sugarfina USA LLC
CA

Sugarfina USA LLC

Entity: Limited Liability Company (LLC)

Industry: Nonchocolate Confectionery Manufacturing

Location: El Segundo, CA

Search All PPP Data

Sugarfina USA LLC is a limited liability company (LLC) located at 1700 E. Walnut Avenue 5th Floor in El Segundo, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2020.

$ PPP Loan Information
Loan #9318507003

Loan Size:

$2M

Jobs Retained:

181

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Sugarfina USA LLC in El Segundo, CA received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Sugarfina USA LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $53,039 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sugarfina USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,400,000
  • Utilities: $90,000
  • Rent: $400,000
  • Health Care: $110,000
Because the loan received by Sugarfina USA LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sugarfina USA LLC in El Segundo, CA

Sugarfina USA LLC
1700 E. Walnut Avenue 5th Floor
El Segundo, CA 90245

Business Industry:
Nonchocolate Confectionery Manufacturing
NAICS code 311340

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-33

Industry PPP Comparison Statistics

Nationwide, 574 businesses in the "Nonchocolate Confectionery Manufacturing" industry received a total of $136.63M 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 25 employees, 86% lower than Sugarfina USA LLC's reported 181 employees, and received an average PPP loan of $238,030, 88% lower than this company's loan of $2M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sugarfina-usa-llc-el-segundo-ca