PPP Loan Data — Fleenor Company, Inc, Alameda, CA
Fleenor Company, Inc is a corporation located at 2225 Harbor Bay Pkwy in Alameda, California that received a Coronavirus-related PPP loan from the SBA of $2,273,954.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 197 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:California Bank of Commerce
Fleenor Company, Inc in Alameda, CA received a Paycheck Protection Loan of $2.27M through California Bank of Commerce, which was approved in April, 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, Fleenor Company, Inc's 2019 payroll expenses are estimated to be at least $10.91M.
Based on their reported 197 jobs retained, this equals an estimated average yearly compensation of $55,406 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fleenor Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,273,954
Business Information - Fleenor Company, Inc in Alameda, CA
2225 Harbor Bay Pkwy
Alameda, CA 94502
NAICS code 322110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Alameda
In the Alameda area, 2 businesses in the "Pulp Mills" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 197) and received an average PPP loan of $1,141,785 (compared to this company's $2.27M).
Similar Nearby Businesses Who Received PPP Funding:
Flex Paper Trading, Inc
Industry PPP Comparison Statistics
Nationwide, 85 businesses in the "Pulp Mills" industry received a total of $28.54M 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 25 employees, 87% lower than Fleenor Company, Inc's reported 197 employees, and received an average PPP loan of $335,823, 85% lower than this company's loan of $2.27M.
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Footnotes & Information
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