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

PPP Loan Data — Zerobase Energy LLC, Fremont, CA

ALERT: There are 2 PPP loans for a total of $684,725 in our database for businesses with the name "Zerobase Energy LLC" in Fremont, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Zerobase Energy LLC
CA

Zerobase Energy LLC

Entity: Limited Liability Company (LLC)

Industry: Other Electric Power Generation

Location: Fremont, CA

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Zerobase Energy LLC is a limited liability company (LLC) located at 44755 S Grimmer Blvd Ste B in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $559,725.00 in March, 2021.

$ PPP Loan Information
Loan #2688848710

Loan Size:

$559,725

Jobs Retained:

299

Loan Approved:

2021-03-30

Loan Status:

Ongoing Loan

Lender:

Somerset Trust Company

Zerobase Energy LLC in Fremont, CA received a Paycheck Protection Loan of $559,725 through Somerset Trust Company, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Zerobase Energy LLC's 2019 payroll expenses are estimated to be at least $2.69M.

Based on their reported 299 jobs retained, this equals an estimated average yearly compensation of $8,986 per employee1

Reported PPP Proceed Usage:

On the PPP application, Zerobase Energy LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $559,722
  • Utilities: $1

Business Information - Zerobase Energy LLC in Fremont, CA

Zerobase Energy LLC
44755 S Grimmer Blvd Ste B
Fremont, CA 94538

Business Industry:
Other Electric Power Generation
NAICS code 221118

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-17

Similar Companies near Fremont

In the Fremont area, 2 businesses in the "Other Electric Power Generation" industry received a PPP loan. These local businesses reported an average of 157 employees (compared to this company's 299) and received an average PPP loan of $368,363 (compared to this company's $559,725).

Similar Nearby Businesses Who Received PPP Funding:

Gurries Electric Inc
Fremont, CA

$177,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,624 businesses in the "Other Electric Power Generation" industry received a total of $251.71M 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, 97% lower than Zerobase Energy LLC's reported 299 employees, and received an average PPP loan of $95,928, 83% lower than this company's loan of $559,725.

SBA PPP loan data, payroll data, and salaries for Zerobase Energy, LLC
CA

Zerobase Energy, LLC

Entity: Limited Liability Company (LLC)

Industry: Storage Battery Manufacturing

Location: Fremont, CA

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Zerobase Energy, LLC is a limited liability company (LLC) located at 46609 Fremont Blvd. in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $125,000.00 in May, 2020.

$ PPP Loan Information
Loan #2279777705

Loan Size:

$125,000

Jobs Retained:

6

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Zerobase Energy, LLC in Fremont, CA received a Paycheck Protection Loan of $125,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 April, 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 More
Understanding 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 More

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, Zerobase Energy, LLC's 2019 payroll expenses are estimated to be at least $600,000 (not accounting for salary amounts > $100k).

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $100,000 (not accounting for salary amounts > $100k) per employee1

Reported PPP Proceed Usage:

On the PPP application, Zerobase Energy, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $100,000
  • Rent: $25,000

Business Information - Zerobase Energy, LLC in Fremont, CA

Zerobase Energy, LLC
46609 Fremont Blvd.
Fremont, CA 94538

Business Industry:
Storage Battery Manufacturing
NAICS code 335911

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-17

Similar Companies near Fremont

In the Fremont area, 6 businesses in the "Storage Battery Manufacturing" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 6) and received an average PPP loan of $412,867 (compared to this company's $125,000).

Industry PPP Comparison Statistics

Nationwide, 250 businesses in the "Storage Battery Manufacturing" industry received a total of $77.54M 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 25 employees, 317% higher than Zerobase Energy, LLC's reported 6 employees, and received an average PPP loan of $310,160, 148% higher than this company's loan of $125,000.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/zerobase-energy-llc-fremont-ca