Home Organizers Inc. in City Of Industry, CA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Home Organizers Inc., City Of Industry, CA

Home Organizers Inc.

Entity: Corporation

Industry: Corporate, Subsidiary, and Regional Managing Offices

Location: City Of Industry, CA

Home Organizers Inc. is a corporation located at 3860 Capitol Ave in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $5,129,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.13M

Jobs Retained:

464

Loan Approved:

2020-04-27

Lender:

ONEWEST BANK, A DIVISION OF

Home Organizers Inc. received a Paycheck Protection Loan of $5.13M through ONEWEST BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Home Organizers Inc.'s total 2019 payroll expenses were approximately $24.62M in order to qualify for the PPP loan amount received.

Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $53,063 per employee¹.

Because the loan received by Home Organizers Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Home Organizers Inc. in City Of Industry, CA

Home Organizers Inc.
3860 Capitol Ave
City Of Industry, CA 90601

Business Industry

Corporate, Subsidiary, and Regional Managing Offices (NAICS code 551114)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-32

Industry PPP Comparison Statistics

Nationwide, 1,588 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $300,626,226.00 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 17 employees, 96% lower than Home Organizers Inc.'s reported 464 employees, and received an average PPP loan of $189,311, 96% lower than this company's loan of $5.13M.

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.

Search FederalPay's Full PPP Loan Database

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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