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PPP Loan Data — F & B Associates Inc,
San Diego, CA
F & B Associates Inc
Entity: Corporation
Industry: Caterers
Location: San Diego, CA
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F & B Associates Inc is a corporation located at 4901 Morena Blvd Ste 1107 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $6,932,987.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
475Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONF & B Associates Inc in San Diego, CA received a Paycheck Protection Loan of $6.93M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, F & B Associates Inc's total 2019 payroll expenses were approximately $33.28M in order to qualify for the PPP loan amount received.
Based on their reported 475 jobs retained, this equals an estimated average yearly compensation of $70,060 per employee1.
Business Information - F & B Associates Inc in San Diego, CA
4901 Morena Blvd Ste 1107
San Diego, CA 92117
Business Industry
Caterers (NAICS code 722320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-52Similar Companies near San Diego
In the San Diego area, 4 businesses in the "Caterers" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 475) and received an average PPP loan of $1,796,561 (compared to this company's $6.93M).
Similar Nearby Businesses Who Received PPP Funding:
Little Bean Blue, LLC
San Diego, CA
F & B Associates Of Pennsylvania
San Diego, CA
F & B Associates Of New York, Inc
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 10,381 businesses in the "Caterers" industry received a total of $747,617,656.00 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 11 employees, 98% lower than F & B Associates Inc's reported 475 employees, and received an average PPP loan of $72,018, 99% lower than this company's loan of $6.93M.
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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