PPP Loan Data — Blumenthal Distributing, Inc., Ontario, CA
Blumenthal Distributing, Inc. is a corporation located at 1901 S. Archibald Ave in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $2,453,800.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 186 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Blumenthal Distributing, Inc. in Ontario, CA received a Paycheck Protection Loan of $2.45M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Blumenthal Distributing, Inc.'s total 2019 payroll expenses were approximately $11.78M in order to qualify for the PPP loan amount received.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $63,324 per employee1.
Business Information - Blumenthal Distributing, Inc. in Ontario, CA
1901 S. Archibald Ave
Ontario, CA 91761
Furniture Merchant Wholesalers (NAICS code 423210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-35
Similar Companies near Ontario
In the Ontario area, 10 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 186) and received an average PPP loan of $457,180 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Meadow Decor, Inc.
US Tamex Corp
Titan Commerce Inc.
Urban Styles Furniture
National Flooring Products, Inc.
Smartworld Manufacturing Group Inc
A R T Furniture Inc.
Chromcraft Revington Douglas Ind LTD
Industry PPP Comparison Statistics
Nationwide, 2,847 businesses in the "Furniture Merchant Wholesalers" industry received a total of $449,386,306.00 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 12 employees, 94% lower than Blumenthal Distributing, Inc.'s reported 186 employees, and received an average PPP loan of $157,846, 94% lower than this company's loan of $2.45M.
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, 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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