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PPP Loan Data — Diaz Wholesale & MFG Co Inc, Atlanta, GA

SBA PPP loan data, payroll data, and salaries for Diaz Wholesale & MFG Co Inc
GA

Diaz Wholesale & MFG Co Inc

Entity: Corporation

Industry: Other Grocery and Related Products Merchant Wholesalers

Location: Atlanta, GA

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Diaz Wholesale & MFG Co Inc is a corporation located at 5501 Fulton Industrial Blvd in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,250,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.25M

Jobs Retained:

314

Loan Approved:

2020-04-10

Lender:

QUANTUM NATIONAL BANK

Diaz Wholesale & MFG Co Inc received a Paycheck Protection Loan of $3.25M through QUANTUM NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Diaz Wholesale & MFG Co Inc's total 2019 payroll expenses were approximately $15.6M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $49,688 per employee1.

Because the loan received by Diaz Wholesale & MFG Co 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 - Diaz Wholesale & MFG Co Inc in Atlanta, GA

Diaz Wholesale & MFG Co Inc
5501 Fulton Industrial Blvd
Atlanta, GA 30336

Business Industry

Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-05

Similar Companies near Atlanta

In the Atlanta area, 3 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 314) and received an average PPP loan of $1,157,135 (compared to this company's $3.25M).

Industry PPP Comparison Statistics

Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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 14 employees, 96% lower than Diaz Wholesale & MFG Co Inc's reported 314 employees, and received an average PPP loan of $146,523, 95% lower than this company's loan of $3.25M.

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.

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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/diaz-wholesale-and-mfg-co-inc-atlanta-ga