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PPP Loan Data — CAL Door And Drawer, Inc., Salinas, CA

SBA PPP loan data, payroll data, and salaries for CAL Door And Drawer, Inc.
CA

CAL Door And Drawer, Inc.

Entity: Corporation

Industry: Metal Window and Door Manufacturing

Location: Salinas, CA

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CAL Door And Drawer, Inc. is a corporation located at 1800 Abbott St in Salinas, California that received a Coronavirus-related PPP loan from the SBA of $3,155,100.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 306 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.16M

Jobs Retained:

306

Loan Approved:

2020-04-11

Lender:

1ST CAPITAL BANK

CAL Door And Drawer, Inc. in Salinas, CA received a Paycheck Protection Loan of $3.16M through 1ST CAPITAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, CAL Door And Drawer, Inc.'s total 2019 payroll expenses were approximately $15.14M in order to qualify for the PPP loan amount received.

Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $49,492 per employee1.

Because the loan received by CAL Door And Drawer, 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 - CAL Door And Drawer, Inc. in Salinas, CA

CAL Door And Drawer, Inc.
1800 Abbott St
Salinas, CA 93901

Business Industry

Metal Window and Door Manufacturing (NAICS code 332321)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-20

Industry PPP Comparison Statistics

Nationwide, 965 businesses in the "Metal Window and Door Manufacturing" industry received a total of $295,266,784.00 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 24 employees, 92% lower than CAL Door And Drawer, Inc.'s reported 306 employees, and received an average PPP loan of $305,976, 90% lower than this company's loan of $3.16M.

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.

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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/cal-door-and-drawer-inc-salinas-ca