PPP Loan Data — Zoroco Packaging Inc, Caldwell, ID
Zoroco Packaging Inc is a subchapter s corporation located at 20148 Monte Way in Caldwell, Idaho that received a Coronavirus-related PPP loan from the SBA of $1,941,065.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 263 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Zoroco Packaging Inc in Caldwell, ID received a Paycheck Protection Loan of $1.94M through JPMorgan Chase Bank, National Association, which was approved in April, 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, Zoroco Packaging Inc's 2019 payroll expenses are estimated to be at least $9.32M.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $35,426 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zoroco Packaging Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,905,143
- Health Care: $35,922
Business Information - Zoroco Packaging Inc in Caldwell, ID
20148 Monte Way
Caldwell, ID 83607
Refrigerated Warehousing and Storage
NAICS code 493120
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 565 businesses in the "Refrigerated Warehousing and Storage" industry received a total of $136.57M 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 24 employees, 91% lower than Zoroco Packaging Inc's reported 263 employees, and received an average PPP loan of $241,724, 88% lower than this company's loan of $1.94M.
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Footnotes & Information
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