PPP Loan Data — The Myers Collection, San Marcos, CA
The Myers Collection
Entity: Sole Proprietorship
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: San Marcos, CATweet This • Search All PPP Data
The Myers Collection is a sole proprietorship located at 810 Los Vallecitos Blvd Suite-c in San Marcos, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as an Asian owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
The Myers Collection in San Marcos, CA received a Paycheck Protection Loan of $25,000 through WebBank, which was approved in May, 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 Myers Collection's 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, The Myers Collection reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The Myers Collection in San Marcos, CA
810 Los Vallecitos Blvd Suite-c
San Marcos, CA 92069
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
NAICS code 424720
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,488 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $829.52M 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 23 employees, 475% higher than The Myers Collection's reported 4 employees, and received an average PPP loan of $237,822, 851% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!