PPP Loan Data — Giant Bicycle, Inc, Newbury Park, Ca, CA
Giant Bicycle, Inc
Location: Newbury Park, Ca, CATweet This • Search All PPP Data
Giant Bicycle, Inc is a corporation located at 3587 Old Conejo Rd 0 in Newbury Park, Ca, California that received a Coronavirus-related PPP loan from the SBA of $2,088,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Giant Bicycle, Inc in Newbury Park, Ca, CA received a Paycheck Protection Loan of $2.09M through Citibank, N.A., 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, Giant Bicycle, Inc's 2019 payroll expenses are estimated to be at least $10.02M.
Based on their reported 118 jobs retained, this equals an estimated average yearly compensation of $84,948 per employee1
Reported PPP Proceed Usage:
On the PPP application, Giant Bicycle, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,088,300
Business Information - Giant Bicycle, Inc in Newbury Park, Ca, CA
3587 Old Conejo Rd 0
Newbury Park, Ca, CA 91320
Sporting and Recreational Goods and Supplies Merchant Wholesalers
NAICS code 423910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,584 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a total of $632.92M 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, 92% lower than Giant Bicycle, Inc's reported 118 employees, and received an average PPP loan of $96,130, 95% lower than this company's loan of $2.09M.
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Footnotes & Information
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