PPP Loan Data — The Vasquez Company, Corona, CA
The Vasquez Company is a corporation located at 280 Corporate Terrace St in Corona, California that received a Coronavirus-related PPP loan from the SBA of $2,426,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 394 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
The Vasquez Company in Corona, CA received a Paycheck Protection Loan of $2.43M through Loan Source Incorporated, 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 Vasquez Company's 2019 payroll expenses are estimated to be at least $11.65M.
Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $29,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Vasquez Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,931,400
- Utilities: $120,000
- Rent: $325,000
- Health Care: $50,000
Business Information - The Vasquez Company in Corona, CA
280 Corporate Terrace St
Corona, CA 92879
NAICS code 722513
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Corona
In the Corona area, 36 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 394) and received an average PPP loan of $136,339 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
SH Food Inc
Main Street Deli Inc
S2 Grand Company LLC
YUN Kun Ko
Riverside Ppf LLC
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, 95% lower than The Vasquez Company's reported 394 employees, and received an average PPP loan of $100,980, 96% lower than this company's loan of $2.43M.
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Footnotes & Information
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