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PPP Loan Data — Adamis Pharmaceuticals Corporation,
San Diego, CA
Adamis Pharmaceuticals Corporation
Entity: Corporation
Industry: Pharmaceutical Preparation Manufacturing
Location: San Diego, CA
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Adamis Pharmaceuticals Corporation is a corporation located at 11682 El Camino Real, Suite 300 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $3,191,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
170Loan Approved:
2020-04-08Lender:
ARVEST BANKAdamis Pharmaceuticals Corporation received a Paycheck Protection Loan of $3.19M through ARVEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adamis Pharmaceuticals Corporation's total 2019 payroll expenses were approximately $15.32M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $90,119 per employee1.
Business Information - Adamis Pharmaceuticals Corporation in San Diego, CA
11682 El Camino Real, Suite 300
San Diego, CA 92130
Business Industry
Pharmaceutical Preparation Manufacturing (NAICS code 325412)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-52Similar Companies near San Diego
In the San Diego area, 6 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 170) and received an average PPP loan of $813,127 (compared to this company's $3.19M).
Similar Nearby Businesses Who Received PPP Funding:
ARS Pharmaceuticals, Inc.
San Diego, CA
Latitude Pharmaceuticals Inc.
San Diego, CA
Lipidio Pharmaceuticals, Inc.
San Diego, CA
Stratum Medical Corporation
San Diego, CA
Secura Bio, Inc.
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 1,351 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $515,322,883.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 87% lower than Adamis Pharmaceuticals Corporation's reported 170 employees, and received an average PPP loan of $381,438, 88% lower than this company's loan of $3.19M.
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.
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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