PPP Loan Data — Vandenbossche Financial Servicesm Inc, Menlo Park, CA
Vandenbossche Financial Servicesm Inc is a corporation located at 1010 El Camino Real, Suite 370 in Menlo Park, California that received a Coronavirus-related PPP loan from the SBA of $46,420.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Harvest Small Business Finance, LLC
Vandenbossche Financial Servicesm Inc in Menlo Park, CA received a Paycheck Protection Loan of $46,420 through Harvest Small Business Finance, LLC, 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, Vandenbossche Financial Servicesm Inc's 2019 payroll expenses are estimated to be at least $222,816.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,272 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vandenbossche Financial Servicesm Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,420
Business Information - Vandenbossche Financial Servicesm Inc in Menlo Park, CA
1010 El Camino Real, Suite 370
Menlo Park, CA 94025
Communication Equipment Repair and Maintenance
NAICS code 811213
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,894 businesses in the "Communication Equipment Repair and Maintenance" industry received a total of $117.58M 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, 100% higher than Vandenbossche Financial Servicesm Inc's reported 3 employees, and received an average PPP loan of $62,081, 34% higher than this company's loan of $46,420.
FederalPay's PPP Information Policy
Footnotes & Information
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