PPP Loan Data — Crossroads Trading Co., Inc., Berkeley, CA
Crossroads Trading Co., Inc.
Entity: Sole Proprietorship
Location: Berkeley, CATweet This • Search All PPP Data
Crossroads Trading Co., Inc. is a sole proprietorship located at 1409 Fifth Street in Berkeley, California that received a Coronavirus-related PPP loan from the SBA of $3,091,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 313 people during the applicable loan loan period.
$ PPP Loan Information
Lender:READYCAP LENDING, LLC
Crossroads Trading Co., Inc. received a Paycheck Protection Loan of $3.09M through READYCAP LENDING, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, Crossroads Trading Co., Inc.'s total 2019 payroll expenses were approximately $14.84M in order to qualify for the PPP loan amount received.
Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $47,408 per employee1.
Business Information - Crossroads Trading Co., Inc. in Berkeley, CA
1409 Fifth Street
Berkeley, CA 94710
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-13
Similar Companies near Berkeley
In the Berkeley area, 21 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 313) and received an average PPP loan of $258,536 (compared to this company's $3.09M).
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Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Crossroads Trading Co., Inc.'s reported 313 employees, and received an average PPP loan of $50,641, 98% lower than this company's loan of $3.09M.
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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