PPP Loan Data — Cardinal Paint And Powder Inc., South El Monte, CA
Cardinal Paint And Powder Inc. is a corporation located at 1329 Potrero Ave in South El Monte, California that received a Coronavirus-related PPP loan from the SBA of $3,153,000.00 in April, 2020.
$ PPP Loan Information
Lender:CITIZENS BUSINESS BANK
Cardinal Paint And Powder Inc. received a Paycheck Protection Loan of $3.15M through CITIZENS BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cardinal Paint And Powder Inc.'s total 2019 payroll expenses were approximately $15.13M in order to qualify for the PPP loan amount received.
Based on their reported 261 jobs retained, this equals an estimated average yearly compensation of $57,986 per employee1.
Business Information - Cardinal Paint And Powder Inc. in South El Monte, CA
1329 Potrero Ave
South El Monte, CA 91733
Paint and Coating Manufacturing (NAICS code 325510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-38
Similar Companies near South El Monte
In the South El Monte area, 3 businesses in the "Paint and Coating Manufacturing" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 261) and received an average PPP loan of $1,283,671 (compared to this company's $3.15M).
Similar Nearby Businesses Who Received PPP Funding:
Cardinal Industrial Finishes
South El Monte, CA
Flexfirm Holding LLC
South El Monte, CA
Industry PPP Comparison Statistics
Nationwide, 1,048 businesses in the "Paint and Coating Manufacturing" industry received a total of $271,012,887.00 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 18 employees, 93% lower than Cardinal Paint And Powder Inc.'s reported 261 employees, and received an average PPP loan of $258,600, 92% lower than this company's loan of $3.15M.
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.
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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