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PPP Loan Data — Corinthian International Parking Ser, Cupertino, CA

SBA PPP loan data, payroll data, and salaries for Corinthian International Parking Ser
CA

Corinthian International Parking Ser

Entity: Subchapter S Corporation

Industry: Parking Lots and Garages

Location: Cupertino, CA

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Corinthian International Parking Ser is a subchapter s corporation located at 19925 Stevns Crk Blvd in Cupertino, California that received a Coronavirus-related PPP loan from the SBA of $2,777,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.78M

Jobs Retained:

351

Loan Approved:

2020-04-14

Lender:

PNC BANK, NATIONAL ASSOCIATION

Corinthian International Parking Ser in Cupertino, CA received a Paycheck Protection Loan of $2.78M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Corinthian International Parking Ser's total 2019 payroll expenses were approximately $13.33M in order to qualify for the PPP loan amount received.

Based on their reported 351 jobs retained, this equals an estimated average yearly compensation of $37,982 per employee1.

Because the loan received by Corinthian International Parking Ser 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 - Corinthian International Parking Ser in Cupertino, CA

Corinthian International Parking Ser
19925 Stevns Crk Blvd
Cupertino, CA 95014

Business Industry

Parking Lots and Garages (NAICS code 812930)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-17

Industry PPP Comparison Statistics

Nationwide, 1,831 businesses in the "Parking Lots and Garages" industry received a total of $286,968,643.00 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 Corinthian International Parking Ser's reported 351 employees, and received an average PPP loan of $156,728, 94% lower than this company's loan of $2.78M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/corinthian-international-parking-ser-cupertino-ca