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

PPP Loan Data — Cal-Bay Marble Inc, San Leandro, CA

ALERT: There are 2 PPP loans for a total of $568,230 in our database for businesses with the name "Cal-Bay Marble Inc" in San Leandro, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Cal-Bay Marble Inc
CA

Cal-Bay Marble Inc

Entity: Corporation

Industry: Tile and Terrazzo Contractors

Location: San Leandro, CA

Search All PPP Data

Cal-Bay Marble Inc is a corporation located at 930 Doolittle Dr in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $260,924.00 in February, 2021.

The company has reported itself as an Asian male veteran owned business, and employed at least 23 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2974028407

Loan Size:

$260,924

Jobs Retained:

23

Loan Approved:

2021-02-04

Loan Status:

Ongoing Loan

Lender:

First Bank of the Lake

Cal-Bay Marble Inc in San Leandro, CA received a Paycheck Protection Loan of $260,924 through First Bank of the Lake, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cal-Bay Marble Inc's 2019 payroll expenses are estimated to be at least $1.25M.

Based on their reported 23 jobs retained, this equals an estimated average yearly compensation of $54,454 per employee1

Reported PPP Proceed Usage:

On the PPP application, Cal-Bay Marble Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $260,922
  • Utilities: $1

Business Information - Cal-Bay Marble Inc in San Leandro, CA

Cal-Bay Marble Inc
930 Doolittle Dr
San Leandro, CA 94577

Business Industry:
Tile and Terrazzo Contractors
NAICS code 238340

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-13

Similar Companies near San Leandro

In the San Leandro area, 13 businesses in the "Tile and Terrazzo Contractors" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 23) and received an average PPP loan of $915,287 (compared to this company's $260,924).

Industry PPP Comparison Statistics

Nationwide, 8,827 businesses in the "Tile and Terrazzo Contractors" industry received a total of $603.25M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 7 employees, 70% lower than Cal-Bay Marble Inc's reported 23 employees, and received an average PPP loan of $68,341, 74% lower than this company's loan of $260,924.

SBA PPP loan data, payroll data, and salaries for Cal-Bay Marble Inc
CA

Cal-Bay Marble Inc

Entity: Corporation

Industry: Tile and Terrazzo Contractors

Location: San Leandro, CA

Search All PPP Data

Cal-Bay Marble Inc is a corporation located at 930 Doolittle Drive in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $307,306.00 in May, 2020.

$ PPP Loan Information
Loan #4168937701

Loan Size:

$307,306

Jobs Retained:

30

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Cal-Bay Marble Inc in San Leandro, CA received a Paycheck Protection Loan of $307,306 through Wells Fargo Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cal-Bay Marble Inc's 2019 payroll expenses are estimated to be at least $1.48M.

Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $49,169 per employee1

Reported PPP Proceed Usage:

On the PPP application, Cal-Bay Marble Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $307,306

Business Information - Cal-Bay Marble Inc in San Leandro, CA

Cal-Bay Marble Inc
930 Doolittle Drive
San Leandro, CA 94577

Business Industry:
Tile and Terrazzo Contractors
NAICS code 238340

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-13

Similar Companies near San Leandro

In the San Leandro area, 13 businesses in the "Tile and Terrazzo Contractors" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 30) and received an average PPP loan of $915,287 (compared to this company's $307,306).

Industry PPP Comparison Statistics

Nationwide, 8,827 businesses in the "Tile and Terrazzo Contractors" industry received a total of $603.25M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 7 employees, 77% lower than Cal-Bay Marble Inc's reported 30 employees, and received an average PPP loan of $68,341, 78% lower than this company's loan of $307,306.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/cal-bay-marble-inc-san-leandro-ca