PPP Loan Data — G.r. Sales Inc, Paramount, CA
G.r. Sales Inc
Location: Paramount, CATweet This • Search All PPP Data
G.r. Sales Inc is a corporation located at 7543 Rosecrans Ave in Paramount, California that received a Coronavirus-related PPP loan from the SBA of $46,492.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
G.r. Sales Inc in Paramount, CA received a Paycheck Protection Loan of $46,492 through Bank of America, National Association, which was approved in May, 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, G.r. Sales Inc's 2019 payroll expenses are estimated to be at least $223,162.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,194 per employee1
Reported PPP Proceed Usage:
On the PPP application, G.r. Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,492
Business Information - G.r. Sales Inc in Paramount, CA
7543 Rosecrans Ave
Paramount, CA 90723
Motor Vehicle Supplies and New Parts Merchant Wholesalers
NAICS code 423120
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Paramount
In the Paramount area, 7 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $55,036 (compared to this company's $46,492).
Similar Nearby Businesses Who Received PPP Funding:
Powermax Logistics Industries Inc
The Gear Shop
New Century Industries
Classic A & D Auto Body Inc
American Favorite Tools Inc
Industry PPP Comparison Statistics
Nationwide, 5,778 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $789.24M 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 14 employees, 133% higher than G.r. Sales Inc's reported 6 employees, and received an average PPP loan of $136,595, 194% higher than this company's loan of $46,492.
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