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PPP Loan Data — B&B Manufacturing Co., Valencia, CA

SBA PPP loan data, payroll data, and salaries for B&B Manufacturing Co.
CA

B&B Manufacturing Co.

Entity: Corporation

Industry: Machine Shops

Location: Valencia, CA

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B&B Manufacturing Co. is a corporation located at 27940 Beale Court in Valencia, California that received a Coronavirus-related PPP loan from the SBA of $4,047,992.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.05M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

AMERICAN BUSINESS BANK

B&B Manufacturing Co. received a Paycheck Protection Loan of $4.05M through AMERICAN BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, B&B Manufacturing Co.'s total 2019 payroll expenses were approximately $19.43M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $77,721 per employee1.

Because the loan received by B&B Manufacturing Co. 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 - B&B Manufacturing Co. in Valencia, CA

B&B Manufacturing Co.
27940 Beale Court
Valencia, CA 91355

Business Industry

Machine Shops (NAICS code 332710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-25

Similar Companies near Valencia

In the Valencia area, 12 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 250) and received an average PPP loan of $455,562 (compared to this company's $4.05M).

Industry PPP Comparison Statistics

Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 94% lower than B&B Manufacturing Co.'s reported 250 employees, and received an average PPP loan of $190,904, 95% lower than this company's loan of $4.05M.

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.

Search FederalPay's Full PPP Loan Database

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/b-and-b-manufacturing-co-valencia-ca