PPP Loan Data — A-D & Sons Corporation, Hayward, CA
A-D & Sons Corporation
Location: Hayward, CATweet This • Search All PPP Data
A-D & Sons Corporation is a corporation located at 1681 Delta Court in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $140,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least fourteen people during the applicable loan loan period.
$ PPP Loan Information
Lender:READYCAP LENDING, LLC
A-D & Sons Corporation received a Paycheck Protection Loan of $140,000 through READYCAP LENDING, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, A-D & Sons Corporation's total 2019 payroll expenses were approximately $672,000 in order to qualify for the PPP loan amount received.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1.
Business Information - A-D & Sons Corporation in Hayward, CA
1681 Delta Court
Hayward, CA 94544
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-15
Similar Companies near Hayward
In the Hayward area, 38 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 14) and received an average PPP loan of $205,160 (compared to this company's $140,000).
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Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 57% lower than A-D & Sons Corporation's reported 14 employees, and received an average PPP loan of $50,641, 64% lower than this company's loan of $140,000.
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.
Footnotes & Information
1. 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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