PPP Loan Data — The Fulfillment Center Inc, San Rafael, CA
The Fulfillment Center Inc is a corporation located at 4040 Civic Center Drive in San Rafael, California that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Fulfillment Center Inc in San Rafael, CA received a Paycheck Protection Loan of $47,000 through Umpqua 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 January, 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, The Fulfillment Center Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Fulfillment Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - The Fulfillment Center Inc in San Rafael, CA
4040 Civic Center Drive
San Rafael, CA 94903
Electronic Shopping and Mail-Order Houses
NAICS code 454110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near San Rafael
In the San Rafael area, 2 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $36,139 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 22,717 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $954.6M 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 4 employees, 33% higher than The Fulfillment Center Inc's reported 3 employees, and received an average PPP loan of $42,021, 11% lower than this company's loan of $47,000.
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Footnotes & Information
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