PPP Loan Data — Tracy Tools, LLC, Tracy, CA
Tracy Tools, LLC is a limited liability company (LLC) located at 2951 San Rocco Ct in Tracy, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Tracy Tools, LLC in Tracy, CA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, 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, Tracy Tools, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Reported PPP Proceed Usage:
On the PPP application, Tracy Tools, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Mortgage Interest: $5,000
Business Information - Tracy Tools, LLC in Tracy, CA
2951 San Rocco Ct
Tracy, CA 95376
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tracy
In the Tracy area, 19 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $32,026 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
ID Carrier Inc
Tracy Ca, CA
R & L Professional Group Inc
Lorraine Lynn LLC
Dreamers Group Inc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 233% higher than Tracy Tools, LLC's reported 3 employees, and received an average PPP loan of $42,878, 72% higher than this company's loan of $25,000.
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Footnotes & Information
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