FederalPay.org
PPP Loan Data — Adamis Pharmaceuticals Corporation,
San Diego, CA
Adamis Pharmaceuticals Corporation
Entity: Corporation
Industry: Medicinal and Botanical Manufacturing
Location: San Diego, CA
Tweet This
•
Search All PPP Data
Adamis Pharmaceuticals Corporation is a corporation located at 11682 El Camino Real Ste 300 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $1,765,495.00 in February, 2021.
$
PPP Loan Information
Loan #7767278401
Loan Size:
Jobs Retained:
144Loan Approved:
2021-02-12Loan Status:
Paid in Full or ForgivenLender:
Arvest BankAdamis Pharmaceuticals Corporation in San Diego, CA received a Paycheck Protection Loan of $1.77M through Arvest Bank, which was approved in February, 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 November, 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, Adamis Pharmaceuticals Corporation's 2019 payroll expenses are estimated to be at least $8.47M.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $58,850 per employee1
Reported PPP Proceed Usage:
On the PPP application, Adamis Pharmaceuticals Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,765,494
Business Information - Adamis Pharmaceuticals Corporation in San Diego, CA
11682 El Camino Real Ste 300
San Diego, CA 92130
Business Industry:
Medicinal and Botanical Manufacturing
NAICS code 325411
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
Similar Companies near San Diego
In the San Diego area, 3 businesses in the "Medicinal and Botanical Manufacturing" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 144) and received an average PPP loan of $599,369 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
Monir Elias
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 1,000 businesses in the "Medicinal and Botanical Manufacturing" industry received a total of $189.13M 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 18 employees, 88% lower than Adamis Pharmaceuticals Corporation's reported 144 employees, and received an average PPP loan of $189,134, 89% lower than this company's loan of $1.77M.
Adamis Pharmaceuticals Corporation
Entity: Corporation
Industry: Pharmaceutical Preparation Manufacturing
Location: San Diego, CA
Tweet This
•
Search All PPP Data
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 #8089837009
Loan Size:
Jobs Retained:
170Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Arvest BankAdamis Pharmaceuticals Corporation in San Diego, CA received a Paycheck Protection Loan of $3.19M through Arvest 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 September, 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, Adamis Pharmaceuticals Corporation's 2019 payroll expenses are estimated to be at least $15.32M.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $90,119 per employee1
Reported PPP Proceed Usage:
On the PPP application, Adamis Pharmaceuticals Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,191,700
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: 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
Similar 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 63 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:
Latitude Pharmaceuticals Inc
San Diego, CA
ARS 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, 1,918 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $619.85M 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, 85% lower than Adamis Pharmaceuticals Corporation's reported 170 employees, and received an average PPP loan of $323,173, 90% 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. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!