PPP Loan Data — The Michael Horn Company Inc, Tahoe Vista, CA
The Michael Horn Company Inc is a corporation located at 1177 Regency Way in Tahoe Vista, California that received a Coronavirus-related PPP loan from the SBA of $25,127.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
The Michael Horn Company Inc in Tahoe Vista, CA received a Paycheck Protection Loan of $25,127 through Cross River Bank, 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 Michael Horn Company Inc's 2019 payroll expenses are estimated to be at least $120,610.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,203 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Michael Horn Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,127
Business Information - The Michael Horn Company Inc in Tahoe Vista, CA
1177 Regency Way
Tahoe Vista, CA 96148
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B 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 26 employees, 767% higher than The Michael Horn Company Inc's reported 3 employees, and received an average PPP loan of $341,702, 1260% higher than this company's loan of $25,127.
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Footnotes & Information
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