PPP Loan Data — Andy Gump, Inc., Canyon Country, CA
Andy Gump, Inc. is a corporation located at 26954 Ruether Ave in Canyon Country, California that received a Coronavirus-related PPP loan from the SBA of $2,692,000.00 in April, 2020.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Andy Gump, Inc. received a Paycheck Protection Loan of $2.69M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Andy Gump, Inc.'s total 2019 payroll expenses were approximately $12.92M in order to qualify for the PPP loan amount received.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $65,927 per employee1.
Business Information - Andy Gump, Inc. in Canyon Country, CA
26954 Ruether Ave
Canyon Country, CA 91351
Septic Tank and Related Services (NAICS code 562991)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-25
Similar Companies near Canyon Country
In the Canyon Country area, 3 businesses in the "Septic Tank and Related Services" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 196) and received an average PPP loan of $1,561,100 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
Luxury Flush LLC
Santa Clarita, CA
L.A. Hydro-Jet & Rooter Service, Inc.
Sun Valley, CA
Industry PPP Comparison Statistics
Nationwide, 2,294 businesses in the "Septic Tank and Related Services" industry received a total of $189,025,965.00 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 7 employees, 96% lower than Andy Gump, Inc.'s reported 196 employees, and received an average PPP loan of $82,400, 97% lower than this company's loan of $2.69M.
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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