PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Blumenthal Distributing, Inc., Ontario, CA

SBA PPP loan data, payroll data, and salaries for Blumenthal Distributing, Inc.
CA

Blumenthal Distributing, Inc.

Entity: Corporation

Industry: Furniture Merchant Wholesalers

Location: Ontario, CA

Search All PPP Data

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

Loan Size:

$2.45M

Jobs Retained:

186

Loan Approved:

2020-04-14

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.

Because the loan received by Blumenthal Distributing, 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 - Blumenthal Distributing, Inc. in Ontario, CA

Blumenthal Distributing, Inc.
1901 S. Archibald Ave
Ontario, CA 91761

Business Industry

Furniture Merchant Wholesalers (NAICS code 423210)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional 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).

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/blumenthal-distributing-inc-ontario-ca