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PPP Loan Data — Grani Installation Inc,
Huntington Beach, CA
Grani Installation Inc
Entity: Corporation
Industry: Drywall and Insulation Contractors
Location: Huntington Beach, CA
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Grani Installation Inc is a corporation located at 5411 Commercial Dr in Huntington Beach, California that received a Coronavirus-related PPP loan from the SBA of $1,128,500.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least 138 people during the applicable loan loan period.
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PPP Loan Information
Loan #4424088310
Loan Size:
Jobs Retained:
138Loan Approved:
2021-01-23Loan Status:
Ongoing LoanLender:
Sunwest BankGrani Installation Inc in Huntington Beach, CA received a Paycheck Protection Loan of $1.13M through Sunwest Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Grani Installation Inc's 2019 payroll expenses are estimated to be at least $5.42M.
Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $39,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grani Installation Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,128,500
Business Information - Grani Installation Inc in Huntington Beach, CA
5411 Commercial Dr
Huntington Beach, CA 92649
Business Industry:
Drywall and Insulation Contractors
NAICS code 238310
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Huntington Beach
In the Huntington Beach area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 138) and received an average PPP loan of $452,460 (compared to this company's $1.13M).
Similar Nearby Businesses Who Received PPP Funding:
Derek Trabilcy Drywall, Inc
Huntingtn Bch, CA
Sound Management Group LLC
Huntington Beach, CA
Industry PPP Comparison Statistics
Nationwide, 14,786 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.32B 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, 90% lower than Grani Installation Inc's reported 138 employees, and received an average PPP loan of $156,744, 86% lower than this company's loan of $1.13M.
Grani Installation Inc
Entity: Corporation
Industry: All Other Specialty Trade Contractors
Location: Huntington Beach, CA
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Grani Installation Inc is a corporation located at 5411 Commercial Dr in Huntington Beach, California that received a Coronavirus-related PPP loan from the SBA of $1,060,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 90 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9907307109
Loan Size:
Jobs Retained:
90Loan Approved:
2020-04-15Loan Status:
Ongoing LoanLender:
Sunwest BankGrani Installation Inc in Huntington Beach, CA received a Paycheck Protection Loan of $1.06M through Sunwest Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Grani Installation Inc's 2019 payroll expenses are estimated to be at least $5.09M.
Based on their reported 90 jobs retained, this equals an estimated average yearly compensation of $56,533 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grani Installation Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,060,000
Business Information - Grani Installation Inc in Huntington Beach, CA
5411 Commercial Dr
Huntington Beach, CA 92649
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Huntington Beach
In the Huntington Beach area, 41 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 90) and received an average PPP loan of $174,390 (compared to this company's $1.06M).
Similar Nearby Businesses Who Received PPP Funding:
Asphalt Care Inc
Huntingtn Bch, CA
Hunters Home Maintenance
Huntington Beach, CA
Twin Construction Company, Inc
Huntingtn Bch, CA
Automated General Contracting Inc
Huntington Beach, CA
Glacier Design Systems Inc
Huntington Beach, CA
Twin Construction Co. Inc
Huntingtn Bch, CA
Sign Concepts, Inc
Huntington Beach, CA
B & J Coating
Huntington Beach, CA
Steve Adamson
Huntington Beach, CA
Industry PPP Comparison Statistics
Nationwide, 77,580 businesses in the "All Other Specialty Trade Contractors" industry received a total of $7.6B 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 9 employees, 90% lower than Grani Installation Inc's reported 90 employees, and received an average PPP loan of $97,996, 91% lower than this company's loan of $1.06M.
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.
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