PPP Loan Data — Tim Schenck Fall Protection Training, Oceanside, CA
Tim Schenck Fall Protection Training
Location: Oceanside, CATweet This • Search All PPP Data
Tim Schenck Fall Protection Training is a corporation located at 3226 Silver Ridge Ct in Oceanside, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Zions Bank, A Division of
Tim Schenck Fall Protection Training in Oceanside, CA received a Paycheck Protection Loan of $25,000 through Zions Bank, A Division of, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Tim Schenck Fall Protection Training's 2019 payroll expenses are estimated to be at least $120,000 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Tim Schenck Fall Protection Training reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Tim Schenck Fall Protection Training in Oceanside, CA
3226 Silver Ridge Ct
Oceanside, CA 92058
Other Scientific and Technical Consulting Services
NAICS code 541690
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oceanside
In the Oceanside area, 6 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $20,055 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
1ST Call Computer Consulting
Industry PPP Comparison Statistics
Nationwide, 28,306 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.1B 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 6 employees, 500% higher than Tim Schenck Fall Protection Training's reported 1 employees, and received an average PPP loan of $74,096, 196% higher than this company's loan of $25,000.
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