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PPP Loan Data — Andy Gump, Inc., Canyon Country, CA

SBA PPP loan data, payroll data, and salaries for Andy Gump, Inc.
CA

Andy Gump, Inc.

Entity: Corporation

Industry: Septic Tank and Related Services

Location: Canyon Country, CA

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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

Loan Size:

$2.69M

Jobs Retained:

196

Loan Approved:

2020-04-09

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.

Because the loan received by Andy Gump, 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 - Andy Gump, Inc. in Canyon Country, CA

Andy Gump, Inc.
26954 Ruether Ave
Canyon Country, CA 91351

Business Industry

Septic Tank and Related Services (NAICS code 562991)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/andy-gump-inc-canyon-country-ca