PPP Loan Data — Continental Currency Services, Inc., Santa Ana, CA
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
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.
Business Information - Continental Currency Services, Inc. in Santa Ana, CA
1108 17th St
Santa Ana, CA 92701
Other Activities Related to Credit Intermediation (NAICS code 522390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Max Financial Group, Inc.
Santa Ana, CA
Gemzo Enterprises, Inc
Santa Ana, CA
Processing Center Of Orange County LLC
Santa Ana, CA
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.
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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