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PPP Loan Data — Adams And Brooks Inc, San Bernardino, CA

ALERT: There are 2 PPP loans for a total of $1.07M in our database for businesses with the name "Adams And Brooks Inc" in San Bernardino, 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 Adams And Brooks Inc
CA

Adams And Brooks Inc

Entity: Corporation

Industry: Nonchocolate Confectionery Manufacturing

Location: San Bernardino, CA

Search All PPP Data

Adams And Brooks Inc is a corporation located at 4345 Hallmark Pkwy in San Bernardino, California that received a Coronavirus-related PPP loan from the SBA of $524,572.00 in February, 2021.

The company has reported itself as a male veteran owned business, and employed at least 49 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5055738400

Loan Size:

$524,572

Jobs Retained:

49

Loan Approved:

2021-02-07

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Adams And Brooks Inc in San Bernardino, CA received a Paycheck Protection Loan of $524,572 through Loan Source Incorporated, which was approved in February, 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, Adams And Brooks Inc's 2019 payroll expenses are estimated to be at least $2.52M.

Based on their reported 49 jobs retained, this equals an estimated average yearly compensation of $51,387 per employee1

Reported PPP Proceed Usage:

On the PPP application, Adams And Brooks Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $524,569
  • Utilities: $1

Business Information - Adams And Brooks Inc in San Bernardino, CA

Adams And Brooks Inc
4345 Hallmark Pkwy
San Bernardino, CA 92407

Business Industry:
Nonchocolate Confectionery Manufacturing
NAICS code 311340

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Bernardino County, CA — SBA Office 0920 — Congressional District: CA-08

Industry PPP Comparison Statistics

Nationwide, 574 businesses in the "Nonchocolate Confectionery Manufacturing" industry received a total of $136.63M 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, 49% lower than Adams And Brooks Inc's reported 49 employees, and received an average PPP loan of $238,030, 55% lower than this company's loan of $524,572.

SBA PPP loan data, payroll data, and salaries for Adams And Brooks, Inc
CA

Adams And Brooks, Inc

Entity: Corporation

Industry: Nonchocolate Confectionery Manufacturing

Location: San Bernardino, CA

Search All PPP Data

Adams And Brooks, Inc is a corporation located at 4345 Hallmark Pkwy. in San Bernardino, California that received a Coronavirus-related PPP loan from the SBA of $543,830.00 in April, 2020.

The company has reported itself as a male veteran owned business, and employed at least 46 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5730377005

Loan Size:

$543,830

Jobs Retained:

46

Loan Approved:

2020-04-06

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Adams And Brooks, Inc in San Bernardino, CA received a Paycheck Protection Loan of $543,830 through Loan Source Incorporated, which was approved in April, 2020.

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, Adams And Brooks, Inc's 2019 payroll expenses are estimated to be at least $2.61M.

Based on their reported 46 jobs retained, this equals an estimated average yearly compensation of $56,747 per employee1

Reported PPP Proceed Usage:

On the PPP application, Adams And Brooks, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $432,320
  • Utilities: $21,631
  • Rent: $49,515
  • Health Care: $40,364

Business Information - Adams And Brooks, Inc in San Bernardino, CA

Adams And Brooks, Inc
4345 Hallmark Pkwy.
San Bernardino, CA 92407

Business Industry:
Nonchocolate Confectionery Manufacturing
NAICS code 311340

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Bernardino County, CA — SBA Office 0920 — Congressional District: CA-08

Industry PPP Comparison Statistics

Nationwide, 574 businesses in the "Nonchocolate Confectionery Manufacturing" industry received a total of $136.63M 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, 46% lower than Adams And Brooks, Inc's reported 46 employees, and received an average PPP loan of $238,030, 56% lower than this company's loan of $543,830.

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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Source: www.federalpay.org/paycheck-protection-program/adams-and-brooks-inc-san-bernardino-ca