PPP Loan Data — Hanson Distributing Company, Azusa, CA
Hanson Distributing Company
Location: Azusa, CATweet This • Search All PPP Data
Hanson Distributing Company is a corporation located at 975 W. 8th Street in Azusa, California that received a Coronavirus-related PPP loan from the SBA of $3,951,430.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Hanson Distributing Company received a Paycheck Protection Loan of $3.95M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hanson Distributing Company's total 2019 payroll expenses were approximately $18.97M 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 $37,934 per employee1.
Business Information - Hanson Distributing Company in Azusa, CA
975 W. 8th Street
Azusa, CA 91702
Motor Vehicle Supplies and New Parts Merchant Wholesalers (NAICS code 423120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-27
Similar Companies near Azusa
In the Azusa area, 3 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 173 employees (compared to this company's 500) and received an average PPP loan of $1,387,827 (compared to this company's $3.95M).
Similar Nearby Businesses Who Received PPP Funding:
Option Auto Salon
QU Industrial Co.
Industry PPP Comparison Statistics
Nationwide, 4,042 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $644,135,263.00 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 13 employees, 97% lower than Hanson Distributing Company's reported 500 employees, and received an average PPP loan of $159,361, 96% lower than this company's loan of $3.95M.
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