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PPP Loan Data — Sunshine Health And Wellness Inc,
Santa Fe Springs, CA
Sunshine Health And Wellness Inc
Entity: Subchapter S Corporation
Industry: Food (Health) Supplement Stores
Location: Santa Fe Springs, CA
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Sunshine Health And Wellness Inc is a subchapter s corporation located in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $1,250.00 in February, 2021.
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PPP Loan Information
Loan #2715468503
Loan Size:
Jobs Retained:
1Loan Approved:
2021-02-22Loan Status:
Ongoing LoanLender:
Square Capital, LLCSunshine Health And Wellness Inc in Santa Fe Springs, CA received a Paycheck Protection Loan of $1,250 through Square Capital, LLC, which was approved in February, 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.
Reported PPP Proceed Usage:
On the PPP application, Sunshine Health And Wellness Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,250
Business Information - Sunshine Health And Wellness Inc in Santa Fe Springs, CA
Santa Fe Springs, CA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Food (Health) Supplement Stores
NAICS code 446191
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
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Sunshine Health And Wellness Inc.
Furniture Express
All Other Home Furnishings Stores
Exotic And Beautiful Birds
All Other Miscellaneous Store Retailers (except Tobacco Stores)
Delia Castillo
Other Direct Selling Establishments
Maria Del Rosario Centeno
All Other Personal Services
Robert Castillo
Tobacco Stores
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 3 businesses in the "Food (Health) Supplement Stores" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 1) and received an average PPP loan of $932,500 (compared to this company's $1,250).
Similar Nearby Businesses Who Received PPP Funding:
Jarrow Industries, Inc
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 7,889 businesses in the "Food (Health) Supplement Stores" industry received a total of $298.07M 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 6 employees, 500% higher than Sunshine Health And Wellness Inc's reported 1 employees, and received an average PPP loan of $37,783, 2923% higher than this company's loan of $1,250.
Sunshine Health And Wellness Inc
Entity: Subchapter S Corporation
Industry: Food (Health) Supplement Stores
Location: Santa Fe Springs, CA
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Sunshine Health And Wellness Inc is a subchapter s corporation located at 13963 Alondra Blvd in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $1,250.00 in April, 2020.
$
PPP Loan Information
Loan #6791977300
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
Square Capital, LLCSunshine Health And Wellness Inc in Santa Fe Springs, CA received a Paycheck Protection Loan of $1,250 through Square Capital, LLC, 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 March, 2021.
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 MoreUnderstanding 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 MoreBased 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, Sunshine Health And Wellness Inc's 2019 payroll expenses are estimated to be at least $6,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $3,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunshine Health And Wellness Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $938
- Utilities: $156
- Mortgage Interest: $156
Business Information - Sunshine Health And Wellness Inc in Santa Fe Springs, CA
13963 Alondra Blvd
Santa Fe Springs, CA 90670
Business Industry:
Food (Health) Supplement Stores
NAICS code 446191
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
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Sunshine Health And Wellness Inc.
Furniture Express
All Other Home Furnishings Stores
Exotic And Beautiful Birds
All Other Miscellaneous Store Retailers (except Tobacco Stores)
Delia Castillo
Other Direct Selling Establishments
Maria Del Rosario Centeno
All Other Personal Services
Robert Castillo
Tobacco Stores
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 3 businesses in the "Food (Health) Supplement Stores" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 2) and received an average PPP loan of $932,500 (compared to this company's $1,250).
Similar Nearby Businesses Who Received PPP Funding:
Jarrow Industries, Inc
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 7,889 businesses in the "Food (Health) Supplement Stores" industry received a total of $298.07M 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 6 employees, 200% higher than Sunshine Health And Wellness Inc's reported 2 employees, and received an average PPP loan of $37,783, 2923% higher than this company's loan of $1,250.
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.
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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