PPP Loan Data — FAM, LLC, Bell, CA
Entity: Limited Liability Company (LLC)
Location: Bell, CATweet This • Search All PPP Data
FAM, LLC is a limited liability company (LLC) located at 5553 - B Bandini Blvd in Bell, California that received a Coronavirus-related PPP loan from the SBA of $3,316,248.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 251 people during the applicable loan loan period.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
FAM, LLC received a Paycheck Protection Loan of $3.32M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, FAM, LLC's total 2019 payroll expenses were approximately $15.92M in order to qualify for the PPP loan amount received.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $63,418 per employee1.
Business Information - FAM, LLC in Bell, CA
5553 - B Bandini Blvd
Bell, CA 90201
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers (NAICS code 424330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-40
Similar Companies near Bell
In the Bell area, 3 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 251) and received an average PPP loan of $1,307,916 (compared to this company's $3.32M).
Similar Nearby Businesses Who Received PPP Funding:
Bell Gardens, CA
American Dream Clothing, Inc.
Industry PPP Comparison Statistics
Nationwide, 3,689 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a total of $420,188,994.00 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 9 employees, 96% lower than FAM, LLC's reported 251 employees, and received an average PPP loan of $113,903, 97% lower than this company's loan of $3.32M.
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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