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PPP Loan Data — Affinity Development Group, Inc., San Diego, CA

SBA PPP loan data, payroll data, and salaries for Affinity Development Group, Inc.
CA

Affinity Development Group, Inc.

Entity: Subchapter S Corporation

Industry: All Other Business Support Services

Location: San Diego, CA

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Affinity Development Group, Inc. is a subchapter s corporation located at 10251 Vista Sorrento Pwky #300 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $4,181,780.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.18M

Jobs Retained:

271

Loan Approved:

2020-04-11

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Affinity Development Group, Inc. received a Paycheck Protection Loan of $4.18M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Affinity Development Group, Inc.'s total 2019 payroll expenses were approximately $20.07M in order to qualify for the PPP loan amount received.

Based on their reported 271 jobs retained, this equals an estimated average yearly compensation of $74,068 per employee1.

Because the loan received by Affinity Development Group, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Affinity Development Group, Inc. in San Diego, CA

Affinity Development Group, Inc.
10251 Vista Sorrento Pwky #300
San Diego, CA 92121

Business Industry

All Other Business Support Services (NAICS code 561499)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-52

Similar Companies near San Diego

In the San Diego area, 11 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 271) and received an average PPP loan of $414,623 (compared to this company's $4.18M).

Industry PPP Comparison Statistics

Nationwide, 28,906 businesses in the "All Other Business Support Services" industry received a total of $1,963,852,672.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Affinity Development Group, Inc.'s reported 271 employees, and received an average PPP loan of $67,939, 98% lower than this company's loan of $4.18M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/affinity-development-group-inc-san-diego-ca