PPP Loan Data — Chargedge Inc, Fremont, CA
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Chargedge Inc is a corporation located at 4405 Peralta Blvd in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $1,999,103.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Chargedge Inc in Fremont, CA received a Paycheck Protection Loan of $2M through Cross River Bank, which was approved in August, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Chargedge Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $70,042 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chargedge Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,103
Business Information - Chargedge Inc in Fremont, CA
4405 Peralta Blvd
Fremont, CA 94536
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fremont
In the Fremont area, 17 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 137) and received an average PPP loan of $152,532 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Alex Cordrey Construction Inc
Eric A. Hassett A Corporation
Miles Edward Parsons
Linken Management LLC
RE. Champion Construction, Inc
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 96% lower than Chargedge Inc's reported 137 employees, and received an average PPP loan of $45,182, 98% lower than this company's loan of $2M.
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Footnotes & Information
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