PPP Loan Data — Cingular Food Handlers, Incorporated, Fullerton, CA
Cingular Food Handlers, Incorporated
Industry: Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs)
Location: Fullerton, CATweet This • Search All PPP Data
Cingular Food Handlers, Incorporated is a corporation located at 110 E Wilshire Ave Ste 510 in Fullerton, California that received a Coronavirus-related PPP loan from the SBA of $2,454,400.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 344 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Cingular Food Handlers, Incorporated received a Paycheck Protection Loan of $2.45M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Cingular Food Handlers, Incorporated's total 2019 payroll expenses were approximately $11.78M in order to qualify for the PPP loan amount received.
Based on their reported 344 jobs retained, this equals an estimated average yearly compensation of $34,247 per employee1.
Business Information - Cingular Food Handlers, Incorporated in Fullerton, CA
110 E Wilshire Ave Ste 510
Fullerton, CA 92832
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-39
Industry PPP Comparison Statistics
Nationwide, 428 businesses in the "Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs)" industry received a total of $84,928,121.00 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 21 employees, 94% lower than Cingular Food Handlers, Incorporated's reported 344 employees, and received an average PPP loan of $198,430, 92% lower than this company's loan of $2.45M.
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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