PPP Loan Data — The Hungry Ninja, Valencia, CA
The Hungry Ninja is a sole proprietorship located at 27674 Newhall Ranch Rd in Valencia, California that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Hope
The Hungry Ninja in Valencia, CA received a Paycheck Protection Loan of $25,200 through Bank of Hope, 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, The Hungry Ninja's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Hungry Ninja reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - The Hungry Ninja in Valencia, CA
27674 Newhall Ranch Rd
Valencia, CA 91355
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valencia
In the Valencia area, 65 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 3) and received an average PPP loan of $87,104 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Keep Grilling Inc
Ubatuba Acai, LLC
CRS Investment Group Inc
SCV Landscape Construction Inc
Italia Bakery Deli Santa Clarita Inc
Santa Clarita, CA
Peoples Party LLC
Thats Us Inc
Santa Clarita, CA
Mama Rose's Armenian Deli & Grocery
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 600% higher than The Hungry Ninja's reported 3 employees, and received an average PPP loan of $100,980, 301% higher than this company's loan of $25,200.
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Footnotes & Information
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