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PPP Loan Data — Golden State Enterprises, Agoura Hills, CA

SBA PPP loan data, payroll data, and salaries for Golden State Enterprises
CA

Golden State Enterprises

Entity: Limited Liability Company (LLC)

Industry: Gasoline Stations with Convenience Stores

Location: Agoura Hills, CA

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Golden State Enterprises is a limited liability company (LLC) located at 29501 Canwood St in Agoura Hills, California that received a Coronavirus-related PPP loan from the SBA of $3,255,692.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.26M

Jobs Retained:

492

Loan Approved:

2020-04-30

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Golden State Enterprises received a Paycheck Protection Loan of $3.26M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Golden State Enterprises' total 2019 payroll expenses were approximately $15.63M in order to qualify for the PPP loan amount received.

Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $31,763 per employee1.

Because the loan received by Golden State Enterprises 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 - Golden State Enterprises in Agoura Hills, CA

Golden State Enterprises
29501 Canwood St
Agoura Hills, CA 91301

Business Industry

Gasoline Stations with Convenience Stores (NAICS code 447110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Similar Companies near Agoura Hills

In the Agoura Hills area, 12 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 492) and received an average PPP loan of $427,540 (compared to this company's $3.26M).

Industry PPP Comparison Statistics

Nationwide, 29,511 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $1,334,454,507.00 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 8 employees, 98% lower than Golden State Enterprises' reported 492 employees, and received an average PPP loan of $45,219, 99% lower than this company's loan of $3.26M.

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/golden-state-enterprises-agoura-hills-ca