PPP Loan Data — Symmetry Designs, San Jose, CA
Entity: Sole Proprietorship
Location: San Jose, CATweet This • Search All PPP Data
Symmetry Designs is a sole proprietorship located at 6604 Marymonte Ct in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Symmetry Designs in San Jose, CA received a Paycheck Protection Loan of $25,000 through Northwest FCU, 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, Symmetry Designs' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Symmetry Designs reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Symmetry Designs in San Jose, CA
6604 Marymonte Ct
San Jose, CA 95120
Custom Architectural Woodwork and Millwork Manufacturing
NAICS code 337212
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,709 businesses in the "Custom Architectural Woodwork and Millwork Manufacturing" industry received a total of $515.21M 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 12 employees, 200% higher than Symmetry Designs' reported 4 employees, and received an average PPP loan of $138,909, 456% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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