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PPP Loan Data — Zero Gravity Management Inc,
Escondido, CA
Zero Gravity Management Inc
Entity: Corporation
Industry: Landscape Architectural Services
Location: Escondido, CA
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Zero Gravity Management Inc is a corporation located at 1277 Pacific Oaks Pl Ste 102 in Escondido, California that received a Coronavirus-related PPP loan from the SBA of $281,435.00 in January, 2021.
The company has reported itself as an American indian or alaska native male owned business, and employed at least fourteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #4687838301
Loan Size:
Jobs Retained:
14Loan Approved:
2021-01-23Loan Status:
Paid in Full or ForgivenLender:
HomeStreet BankZero Gravity Management Inc in Escondido, CA received a Paycheck Protection Loan of $281,435 through HomeStreet Bank, which was approved in January, 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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Zero Gravity Management Inc's 2019 payroll expenses are estimated to be at least $1.35M.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $96,492 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zero Gravity Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $281,431
- Utilities: $1
Business Information - Zero Gravity Management Inc in Escondido, CA
1277 Pacific Oaks Pl Ste 102
Escondido, CA 92029
Business Industry:
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
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
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Zero Gravity Management Inc.
Semper Fi Network Cabling Inc
Electrical Contractors and Other Wiring Installation Contractors
Similar Companies near Escondido
In the Escondido area, 10 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 14) and received an average PPP loan of $254,994 (compared to this company's $281,435).
Similar Nearby Businesses Who Received PPP Funding:
Rancho Pacifica Group
Escondido, CA
Elite Landscape Development Inc
Escondido, CA
So Cal Tree Care Inc
Escondido, CA
Michael Ochoa
Fallbrook, CA
Green Valley Landscape & Maintenance In
Escondido, CA
Brinkerhoff And Associates
Fallbrook, CA
Schnetz Landscape Inc
Escondido, CA
Clearled USA LLC
Escondido, CA
Industry PPP Comparison Statistics
Nationwide, 19,376 businesses in the "Landscape Architectural Services" industry received a total of $1.33B 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 9 employees, 36% lower than Zero Gravity Management Inc's reported 14 employees, and received an average PPP loan of $68,812, 76% lower than this company's loan of $281,435.
Zero Gravity Management Inc
Entity: Corporation
Industry: Architectural Services
Location: Escondido, CA
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•
Search All PPP Data
Zero Gravity Management Inc is a corporation located at 1277 Pacific Oaks Pl Suite 102 in Escondido, California that received a Coronavirus-related PPP loan from the SBA of $242,800.00 in April, 2020.
The company has reported itself as an American indian or alaska native male owned business, and employed at least sixteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #7737577106
Loan Size:
Jobs Retained:
16Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
HomeStreet BankZero Gravity Management Inc in Escondido, CA received a Paycheck Protection Loan of $242,800 through HomeStreet Bank, which was approved in April, 2020.
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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Zero Gravity Management Inc's 2019 payroll expenses are estimated to be at least $1.17M.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $72,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zero Gravity Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $242,800
Business Information - Zero Gravity Management Inc in Escondido, CA
1277 Pacific Oaks Pl Suite 102
Escondido, CA 92029
Business Industry:
Architectural Services
NAICS code 541310
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
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
Similar Companies near Escondido
In the Escondido area, 5 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 16) and received an average PPP loan of $117,950 (compared to this company's $242,800).
Similar Nearby Businesses Who Received PPP Funding:
Ashworth Design Office Inc
Fallbrook, CA
Marca Architecture Inc
Escondido, CA
Michael E. Robinson, Architect, A Professional Corp
Fallbrook, CA
Industry PPP Comparison Statistics
Nationwide, 28,759 businesses in the "Architectural Services" industry received a total of $3.75B 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 9 employees, 44% lower than Zero Gravity Management Inc's reported 16 employees, and received an average PPP loan of $130,352, 46% lower than this company's loan of $242,800.
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.
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.
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