PPP Loan Data — Art Supply Enterprises Inc, Emeryville, CA
Art Supply Enterprises Inc
Location: Emeryville, CATweet This • Search All PPP Data
Art Supply Enterprises Inc is a corporation located at 1375 Ocean Ave in Emeryville, California that received a Coronavirus-related PPP loan from the SBA of $2,729,205.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 181 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Art Supply Enterprises Inc received a Paycheck Protection Loan of $2.73M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Art Supply Enterprises Inc's total 2019 payroll expenses were approximately $13.1M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $72,377 per employee1.
Business Information - Art Supply Enterprises Inc in Emeryville, CA
1375 Ocean Ave
Emeryville, CA 94608
Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-13
Similar Companies near Emeryville
In the Emeryville area, 3 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 181) and received an average PPP loan of $1,102,438 (compared to this company's $2.73M).
Similar Nearby Businesses Who Received PPP Funding:
DCH Distribution LLC
Automated Services And Products, Inc.
Industry PPP Comparison Statistics
Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 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 10 employees, 94% lower than Art Supply Enterprises Inc's reported 181 employees, and received an average PPP loan of $108,082, 96% lower than this company's loan of $2.73M.
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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