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

PPP Loan Data — Continental Currency Services, Inc., Santa Ana, CA

SBA PPP loan data, payroll data, and salaries for Continental Currency Services, Inc.
CA

Continental Currency Services, Inc.

Entity: Corporation

Industry: Other Activities Related to Credit Intermediation

Location: Santa Ana, CA

Search All PPP Data

Continental Currency Services, Inc. is a corporation located at 1108 17th St in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $5,585,125.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$5.59M

Jobs Retained:

395

Loan Approved:

2020-05-01

Lender:

FIFTH THIRD BANK

Continental Currency Services, Inc. in Santa Ana, CA received a Paycheck Protection Loan of $5.59M through FIFTH THIRD BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Continental Currency Services, Inc.'s total 2019 payroll expenses were approximately $26.81M in order to qualify for the PPP loan amount received.

Based on their reported 395 jobs retained, this equals an estimated average yearly compensation of $67,870 per employee1.

Because the loan received by Continental Currency Services, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Continental Currency Services, Inc. in Santa Ana, CA

Continental Currency Services, Inc.
1108 17th St
Santa Ana, CA 92701

Business Industry

Other Activities Related to Credit Intermediation (NAICS code 522390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-46

Similar Companies near Santa Ana

In the Santa Ana area, 4 businesses in the "Other Activities Related to Credit Intermediation" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 395) and received an average PPP loan of $1,422,588 (compared to this company's $5.59M).

Industry PPP Comparison Statistics

Nationwide, 1,870 businesses in the "Other Activities Related to Credit Intermediation" industry received a total of $193,934,041.00 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 9 employees, 98% lower than Continental Currency Services, Inc.'s reported 395 employees, and received an average PPP loan of $103,708, 98% lower than this company's loan of $5.59M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


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/continental-currency-services-inc-santa-ana-ca