PPP Loan Data — Graspointer Management Co Inc, Ceres, CA
Graspointer Management Co Inc is a corporation located at 2250 Rockefeller Dr in Ceres, California that received a Coronavirus-related PPP loan from the SBA of $4,680,162.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF STOCKTON
Graspointer Management Co Inc received a Paycheck Protection Loan of $4.68M through BANK OF STOCKTON, which was approved in April, 2020.
Based on standard PPP eligibility rules, Graspointer Management Co Inc's total 2019 payroll expenses were approximately $22.46M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $44,930 per employee1.
Business Information - Graspointer Management Co Inc in Ceres, CA
2250 Rockefeller Dr
Ceres, CA 95307
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-10
Similar Companies near Ceres
In the Ceres area, 4 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 500) and received an average PPP loan of $1,314,803 (compared to this company's $4.68M).
Similar Nearby Businesses Who Received PPP Funding:
DEB Restaurant, LLC
Graspointner-West Main, Inc.
Troubador Garments USA LTD
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Graspointer Management Co Inc's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $4.68M.
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Footnotes & Information
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