PPP Loan Data — Cingular Grocers, Fullerton, CA
Cingular Grocers 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 $4,212,506.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 494 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Cingular Grocers received a Paycheck Protection Loan of $4.21M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Cingular Grocers' total 2019 payroll expenses were approximately $20.22M in order to qualify for the PPP loan amount received.
Based on their reported 494 jobs retained, this equals an estimated average yearly compensation of $40,931 per employee1.
Business Information - Cingular Grocers in Fullerton, CA
110 E Wilshire Ave Ste 510
Fullerton, CA 92832
Executive Search Services (NAICS code 561312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-39
Similar Companies near Fullerton
In the Fullerton area, 4 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 494) and received an average PPP loan of $1,073,877 (compared to this company's $4.21M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 4,499 businesses in the "Executive Search Services" industry received a total of $602,770,500.00 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 12 employees, 98% lower than Cingular Grocers' reported 494 employees, and received an average PPP loan of $133,979, 97% lower than this company's loan of $4.21M.
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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