PPP Loan Data — Heritage Distributing Company Inc., Downey, CA
Heritage Distributing Company Inc.
Entity: Subchapter S Corporation
Location: Downey, CATweet This • Search All PPP Data
Heritage Distributing Company Inc. is a subchapter s corporation located at 7011 Stewart And Gray Rd in Downey, California that received a Coronavirus-related PPP loan from the SBA of $2,871,000.00 in April, 2020.
$ PPP Loan Information
Lender:CITIZENS BUSINESS BANK
Heritage Distributing Company Inc. in Downey, CA received a Paycheck Protection Loan of $2.87M through CITIZENS BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Heritage Distributing Company Inc.'s total 2019 payroll expenses were approximately $13.78M in order to qualify for the PPP loan amount received.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $80,121 per employee1.
Business Information - Heritage Distributing Company Inc. in Downey, CA
7011 Stewart And Gray Rd
Downey, CA 90241
Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-40
Similar Companies near Downey
In the Downey area, 2 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 172) and received an average PPP loan of $1,476,573 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
Honey Pacifica Company
Industry PPP Comparison Statistics
Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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 14 employees, 92% lower than Heritage Distributing Company Inc.'s reported 172 employees, and received an average PPP loan of $146,523, 95% lower than this company's loan of $2.87M.
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