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PPP Loan Data — Fleetwood Aluminum Products, Inc., Corona, CA

SBA PPP loan data, payroll data, and salaries for Fleetwood Aluminum Products, Inc.
CA

Fleetwood Aluminum Products, Inc.

Entity: Corporation

Industry: All Other Personal Services

Location: Corona, CA

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Fleetwood Aluminum Products, Inc. is a corporation located at 1 Fleetwood Way in Corona, California that received a Coronavirus-related PPP loan from the SBA of $3,327,502.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.33M

Jobs Retained:

391

Loan Approved:

2020-04-10

Lender:

BBVA USA

Fleetwood Aluminum Products, Inc. received a Paycheck Protection Loan of $3.33M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Fleetwood Aluminum Products, Inc.'s total 2019 payroll expenses were approximately $15.97M in order to qualify for the PPP loan amount received.

Based on their reported 391 jobs retained, this equals an estimated average yearly compensation of $40,849 per employee1.

Because the loan received by Fleetwood Aluminum Products, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Fleetwood Aluminum Products, Inc. in Corona, CA

Fleetwood Aluminum Products, Inc.
1 Fleetwood Way
Corona, CA 92879

Business Industry

All Other Personal Services (NAICS code 812990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-42

Similar Companies near Corona

In the Corona area, 8 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 391) and received an average PPP loan of $429,769 (compared to this company's $3.33M).

Industry PPP Comparison Statistics

Nationwide, 73,988 businesses in the "All Other Personal Services" industry received a total of $2,458,516,421.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 99% lower than Fleetwood Aluminum Products, Inc.'s reported 391 employees, and received an average PPP loan of $33,229, 99% lower than this company's loan of $3.33M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fleetwood-aluminum-products-inc-corona-ca