PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Commercial Seating Specialists Inc, Santa Clara, CA

ALERT: There are 2 PPP loans for a total of $932,339 in our database for businesses with the name "Commercial Seating Specialists Inc" in Santa Clara, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Commercial Seating Specialists Inc
CA

Commercial Seating Specialists Inc

Entity: Corporation

Industry: Reupholstery and Furniture Repair

Location: Santa Clara, CA

Search All PPP Data

Commercial Seating Specialists Inc is a corporation located at 481 Laurelwood Rd in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $452,260.00 in February, 2021.

$ PPP Loan Information
Loan #1706288403

Loan Size:

$452,260

Jobs Retained:

24

Loan Approved:

2021-02-02

Loan Status:

Paid in Full or Forgiven

Lender:

U.S. Bank, National Association

Commercial Seating Specialists Inc in Santa Clara, CA received a Paycheck Protection Loan of $452,260 through U.S. Bank, National Association, which was approved in February, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Commercial Seating Specialists Inc's 2019 payroll expenses are estimated to be at least $2.17M.

Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $90,452 per employee1

Reported PPP Proceed Usage:

On the PPP application, Commercial Seating Specialists Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $452,256
  • Utilities: $1

Business Information - Commercial Seating Specialists Inc in Santa Clara, CA

Commercial Seating Specialists Inc
481 Laurelwood Rd
Santa Clara, CA 95054

Business Industry:
Reupholstery and Furniture Repair
NAICS code 811420

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Santa Clara County, CA — SBA Office 0912 — Congressional District: CA-17

Industry PPP Comparison Statistics

Nationwide, 4,876 businesses in the "Reupholstery and Furniture Repair" industry received a total of $134.88M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 83% lower than Commercial Seating Specialists Inc's reported 24 employees, and received an average PPP loan of $27,662, 94% lower than this company's loan of $452,260.

SBA PPP loan data, payroll data, and salaries for Commercial Seating Specialists, Inc
CA

Commercial Seating Specialists, Inc

Entity: Corporation

Industry: Furniture Merchant Wholesalers

Location: Santa Clara, CA

Search All PPP Data

Commercial Seating Specialists, Inc is a corporation located at 481 Laurelwood Rd in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $480,079.00 in May, 2020.

$ PPP Loan Information
Loan #7410157706

Loan Size:

$480,079

Jobs Retained:

31

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

U.S. Bank, National Association

Commercial Seating Specialists, Inc in Santa Clara, CA received a Paycheck Protection Loan of $480,079 through U.S. Bank, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Commercial Seating Specialists, Inc's 2019 payroll expenses are estimated to be at least $2.3M.

Based on their reported 31 jobs retained, this equals an estimated average yearly compensation of $74,335 per employee1

Reported PPP Proceed Usage:

On the PPP application, Commercial Seating Specialists, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $480,079

Business Information - Commercial Seating Specialists, Inc in Santa Clara, CA

Commercial Seating Specialists, Inc
481 Laurelwood Rd
Santa Clara, CA 95054

Business Industry:
Furniture Merchant Wholesalers
NAICS code 423210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Santa Clara County, CA — SBA Office 0912 — Congressional District: CA-17

Similar Companies near Santa Clara

In the Santa Clara area, 3 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 183 employees (compared to this company's 31) and received an average PPP loan of $2,834,426 (compared to this company's $480,079).

Similar Nearby Businesses Who Received PPP Funding:

Pivot Interiors Inc
Santa Clara, CA

$2M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,179 businesses in the "Furniture Merchant Wholesalers" industry received a total of $678.83M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 11 employees, 65% lower than Commercial Seating Specialists, Inc's reported 31 employees, and received an average PPP loan of $131,074, 73% lower than this company's loan of $480,079.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/commercial-seating-specialists-inc-santa-clara-ca