PPP Loan Data — H & H Drug Stores Inc., Glendale, CA
H & H Drug Stores Inc. is a corporation located at 3604 San Fernando Rd in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $2,830,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 275 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
H & H Drug Stores Inc. in Glendale, CA received a Paycheck Protection Loan of $2.83M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, H & H Drug Stores Inc.'s total 2019 payroll expenses were approximately $13.58M in order to qualify for the PPP loan amount received.
Based on their reported 275 jobs retained, this equals an estimated average yearly compensation of $49,396 per employee1.
Business Information - H & H Drug Stores Inc. in Glendale, CA
3604 San Fernando Rd
Glendale, CA 91204
Pharmacies and Drug Stores (NAICS code 446110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-28
Similar Companies near Glendale
In the Glendale area, 21 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 275) and received an average PPP loan of $223,205 (compared to this company's $2.83M).
Similar Nearby Businesses Who Received PPP Funding:
Triple S R Pharmacy, Inc.
Verdugo Clinic Pharmacy
Arden Drugs Inc.
Glendale West Drug Company, Inc.
Central Pharmacy Group Inc.
Delta Drugs II, Inc
FHL Pharmacy Inc.
Industry PPP Comparison Statistics
Nationwide, 14,099 businesses in the "Pharmacies and Drug Stores" industry received a total of $1,400,178,844.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 96% lower than H & H Drug Stores Inc.'s reported 275 employees, and received an average PPP loan of $99,311, 96% lower than this company's loan of $2.83M.
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, and is published unmodified, as provided by the SBA.
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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