PPP Loan Data — Sunset Exploration, Inc, Brentwood, CA
Sunset Exploration, Inc is a corporation located at 10500 Brentwood Blvd in Brentwood, California that received a Coronavirus-related PPP loan from the SBA of $24,870.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BAC Community Bank
Sunset Exploration, Inc in Brentwood, CA received a Paycheck Protection Loan of $24,870 through BAC Community Bank, 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 April, 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, Sunset Exploration, Inc's 2019 payroll expenses are estimated to be at least $119,376.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,688 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunset Exploration, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,383
- Utilities: $2,487
Business Information - Sunset Exploration, Inc in Brentwood, CA
10500 Brentwood Blvd
Brentwood, CA 94513
Natural Gas Distribution
NAICS code 221210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Brentwood
In the Brentwood area, 2 businesses in the "Natural Gas Distribution" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $29,566 (compared to this company's $24,870).
Similar Nearby Businesses Who Received PPP Funding:
Sunset Exploration Incorporated
Industry PPP Comparison Statistics
Nationwide, 994 businesses in the "Natural Gas Distribution" industry received a total of $143.03M 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 11 employees, 450% higher than Sunset Exploration, Inc's reported 2 employees, and received an average PPP loan of $143,891, 479% higher than this company's loan of $24,870.
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Footnotes & Information
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