PPP Loan Data — BSA Framing, Inc., Riverside, CA
BSA Framing, Inc. is a subchapter s corporation located at 9798 Indiana Ave in Riverside, California that received a Coronavirus-related PPP loan from the SBA of $2,721,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 390 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMERICAN BUSINESS BANK
BSA Framing, Inc. in Riverside, CA received a Paycheck Protection Loan of $2.72M through AMERICAN BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, BSA Framing, Inc.'s total 2019 payroll expenses were approximately $13.06M in order to qualify for the PPP loan amount received.
Based on their reported 390 jobs retained, this equals an estimated average yearly compensation of $33,498 per employee1.
Business Information - BSA Framing, Inc. in Riverside, CA
9798 Indiana Ave
Riverside, CA 92503
Framing Contractors (NAICS code 238130)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-41
Similar Companies near Riverside
In the Riverside area, 4 businesses in the "Framing Contractors" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 390) and received an average PPP loan of $889,607 (compared to this company's $2.72M).
Similar Nearby Businesses Who Received PPP Funding:
Champion Framing, Inc.
Sherwood Construction & Electric, Inc
Excel Door & Gate Company Inc
Industry PPP Comparison Statistics
Nationwide, 4,834 businesses in the "Framing Contractors" industry received a total of $495,274,048.00 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 8 employees, 98% lower than BSA Framing, Inc.'s reported 390 employees, and received an average PPP loan of $102,456, 96% lower than this company's loan of $2.72M.
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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