FederalPay.org
PPP Loan Data — Friant & Associates LLC,
San Leandro, CA
Friant & Associates LLC
Entity: Corporation
Industry: Furniture Stores
Location: San Leandro, CA
Tweet This
•
Search All PPP Data
Friant & Associates LLC is a corporation located at 1980 W Avenue 140th in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #3148488408
Loan Size:
Jobs Retained:
171Loan Approved:
2021-02-04Loan Status:
Paid in Full or ForgivenLender:
Fremont BankFriant & Associates LLC in San Leandro, CA received a Paycheck Protection Loan of $2M through Fremont Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Friant & Associates LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $56,140 per employee1
Reported PPP Proceed Usage:
On the PPP application, Friant & Associates LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Friant & Associates LLC in San Leandro, CA
1980 W Avenue 140th
San Leandro, CA 94577
Business Industry:
Furniture Stores
NAICS code 442110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Leandro
In the San Leandro area, 9 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 171) and received an average PPP loan of $1,463,232 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Mengshen Furniture Factory Direct Inc
San Leandro, CA
Best Price Furniture
San Leandro, CA
Direct & More Furnishing
San Leandro, CA
Dustin Nguyen
San Leandro, CA
New Homeworld Outlet
San Leandro, CA
Service West Inc
San Leandro, CA
Automatic Arts
San Leandro, CA
Industry PPP Comparison Statistics
Nationwide, 16,166 businesses in the "Furniture Stores" industry received a total of $1.52B 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 10 employees, 94% lower than Friant & Associates LLC's reported 171 employees, and received an average PPP loan of $94,189, 95% lower than this company's loan of $2M.
Friant & Associates LLC
Entity: Corporation
Industry: Furniture Stores
Location: San Leandro, CA
Tweet This
•
Search All PPP Data
Friant & Associates LLC is a corporation located at 1980 West Avenue 140th in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $2,842,000.00 in April, 2020.
$
PPP Loan Information
Loan #4698467209
Loan Size:
Jobs Retained:
314Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Fremont BankFriant & Associates LLC in San Leandro, CA received a Paycheck Protection Loan of $2.84M through Fremont Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Friant & Associates LLC's 2019 payroll expenses are estimated to be at least $13.64M.
Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $43,445 per employee1
Reported PPP Proceed Usage:
On the PPP application, Friant & Associates LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,842,000
Business Information - Friant & Associates LLC in San Leandro, CA
1980 West Avenue 140th
San Leandro, CA 94577
Business Industry:
Furniture Stores
NAICS code 442110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Leandro
In the San Leandro area, 9 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 314) and received an average PPP loan of $1,463,232 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
Mengshen Furniture Factory Direct Inc
San Leandro, CA
Best Price Furniture
San Leandro, CA
Direct & More Furnishing
San Leandro, CA
Dustin Nguyen
San Leandro, CA
New Homeworld Outlet
San Leandro, CA
Service West Inc
San Leandro, CA
Automatic Arts
San Leandro, CA
Industry PPP Comparison Statistics
Nationwide, 16,166 businesses in the "Furniture Stores" industry received a total of $1.52B 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 10 employees, 97% lower than Friant & Associates LLC's reported 314 employees, and received an average PPP loan of $94,189, 97% lower than this company's loan of $2.84M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!