PPP Loan Data — Famarock Inc., Los Angeles, CA
Famarock Inc. is a corporation located at 5462 W Adams Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,448,306.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMERICAN BUSINESS BANK
Famarock Inc. in Los Angeles, CA received a Paycheck Protection Loan of $2.45M through AMERICAN BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Famarock Inc.'s total 2019 payroll expenses were approximately $11.75M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $47,007 per employee1.
Business Information - Famarock Inc. in Los Angeles, CA
5462 W Adams Blvd
Los Angeles, CA 90016
Commercial Bakeries (NAICS code 311812)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-37
Industry PPP Comparison Statistics
Nationwide, 2,425 businesses in the "Commercial Bakeries" industry received a total of $481,514,310.00 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 22 employees, 91% lower than Famarock Inc.'s reported 250 employees, and received an average PPP loan of $198,563, 92% lower than this company's loan of $2.45M.
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Footnotes & Information
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