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PPP Loan Data — Genlabs, Chino, CA

SBA PPP loan data, payroll data, and salaries for Genlabs
CA

Genlabs

Entity: Corporation

Industry: Polish and Other Sanitation Good Manufacturing

Location: Chino, CA

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Genlabs is a corporation located at 5568 Schaefer Avenue in Chino, California that received a Coronavirus-related PPP loan from the SBA of $2,577,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

250

Loan Approved:

2020-05-01

Lender:

ZIONS BANK, A DIVISION OF

Genlabs in Chino, CA received a Paycheck Protection Loan of $2.58M through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.

Based on standard PPP eligibility rules, Genlabs' total 2019 payroll expenses were approximately $12.37M 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 $49,478 per employee1.

Because the loan received by Genlabs 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 - Genlabs in Chino, CA

Genlabs
5568 Schaefer Avenue
Chino, CA 91710

Business Industry

Polish and Other Sanitation Good Manufacturing (NAICS code 325612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-35

Industry PPP Comparison Statistics

Nationwide, 413 businesses in the "Polish and Other Sanitation Good Manufacturing" industry received a total of $79,821,777.00 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 16 employees, 94% lower than Genlabs' reported 250 employees, and received an average PPP loan of $193,273, 93% lower than this company's loan of $2.58M.

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, 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/genlabs-chino-ca