PPP Loan Data — Duncan Enterprises, Fresno, CA
Duncan Enterprises is a corporation located at 5673 E Shields Ave in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $2,297,177.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Duncan Enterprises in Fresno, CA received a Paycheck Protection Loan of $2.3M through Wells Fargo Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Duncan Enterprises' 2019 payroll expenses are estimated to be at least $11.03M.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $63,370 per employee1
Reported PPP Proceed Usage:
On the PPP application, Duncan Enterprises reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,297,177
Business Information - Duncan Enterprises in Fresno, CA
5673 E Shields Ave
Fresno, CA 93727
Paint and Coating Manufacturing
NAICS code 325510
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 2 businesses in the "Paint and Coating Manufacturing" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 174) and received an average PPP loan of $1,249,729 (compared to this company's $2.3M).
Similar Nearby Businesses Who Received PPP Funding:
Ponderosa Paint Company, Inc
Industry PPP Comparison Statistics
Nationwide, 1,981 businesses in the "Paint and Coating Manufacturing" industry received a total of $355.48M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 16 employees, 91% lower than Duncan Enterprises' reported 174 employees, and received an average PPP loan of $179,443, 92% lower than this company's loan of $2.3M.
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Footnotes & Information
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