PPP Loan Data — Frank-Lin Distillers Products, LTD, Fairfield, CA
Frank-Lin Distillers Products, LTD is a corporation located at 2455 Huntington Dr in Fairfield, California that received a Coronavirus-related PPP loan from the SBA of $2,188,715.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 138 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank
Frank-Lin Distillers Products, LTD in Fairfield, CA received a Paycheck Protection Loan of $2.19M through City National Bank, 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, Frank-Lin Distillers Products, LTD's 2019 payroll expenses are estimated to be at least $10.51M.
Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $76,129 per employee1
Reported PPP Proceed Usage:
On the PPP application, Frank-Lin Distillers Products, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,799,189
- Rent: $304,000
- Health Care: $85,526
Business Information - Frank-Lin Distillers Products, LTD in Fairfield, CA
2455 Huntington Dr
Fairfield, CA 94533
NAICS code 312140
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,172 businesses in the "Distilleries" industry received a total of $101.84M 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 11 employees, 92% lower than Frank-Lin Distillers Products, LTD's reported 138 employees, and received an average PPP loan of $86,892, 96% lower than this company's loan of $2.19M.
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Footnotes & Information
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