PPP Loan Data — Wasco Super Store, Wasco, CA
Wasco Super Store is a sole proprietorship located at 817 7th St in Wasco, California that received a Coronavirus-related PPP loan from the SBA of $25,371.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:United Business Bank
Wasco Super Store in Wasco, CA received a Paycheck Protection Loan of $25,371 through United Business Bank, 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, Wasco Super Store's 2019 payroll expenses are estimated to be at least $121,781.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wasco Super Store reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,371
Business Information - Wasco Super Store in Wasco, CA
817 7th St
Wasco, CA 93280
All Other General Merchandise Stores
NAICS code 452319
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,020 businesses in the "All Other General Merchandise Stores" industry received a total of $376.19M 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 5 employees, 44% lower than Wasco Super Store's reported 9 employees, and received an average PPP loan of $34,137, 35% higher than this company's loan of $25,371.
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Footnotes & Information
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