PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Timothy M. Burt, Simi Valley, CA

SBA PPP loan data, payroll data, and salaries for Timothy M. Burt
CA

Timothy M. Burt

Entity: Sole Proprietorship

Industry: Portfolio Management

Location: Simi Valley, CA

Search All PPP Data

Timothy M. Burt is a sole proprietorship located in Simi Valley, California that received a Coronavirus-related PPP loan from the SBA of $5,270.00 in March, 2021.

The company has reported itself as an American indian or alaska native male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8582208509

Loan Size:

$5,270

Jobs Retained:

1

Loan Approved:

2021-03-10

Loan Status:

Paid in Full or Forgiven

Lender:

Itria Ventures LLC

Timothy M. Burt in Simi Valley, CA received a Paycheck Protection Loan of $5,270 through Itria Ventures LLC, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Timothy M. Burt reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,265
  • Utilities: $1

Business Information - Timothy M. Burt in Simi Valley, CA

Timothy M. Burt
Simi Valley, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Portfolio Management
NAICS code 523920

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Ventura County, CA — SBA Office 0914 — Congressional District: CA-25

Similar Companies near Simi Valley

In the Simi Valley area, 3 businesses in the "Portfolio Management" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $13,295 (compared to this company's $5,270).

Industry PPP Comparison Statistics

Nationwide, 6,104 businesses in the "Portfolio Management" industry received a total of $511.86M 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 Timothy M. Burt's reported 1 employees, and received an average PPP loan of $83,856, 1491% higher than this company's loan of $5,270.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/timothy-m-burt-simi-valley-ca