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PPP Loan Data — Jelly Belly Candy Company, Fairfield, CA

SBA PPP loan data, payroll data, and salaries for Jelly Belly Candy Company
CA

Jelly Belly Candy Company

Entity: Corporation

Industry: Nonchocolate Confectionery Manufacturing

Location: Fairfield, CA

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Jelly Belly Candy Company is a corporation located at 1 Jelly Belly Lane in Fairfield, California that received a Coronavirus-related PPP loan from the SBA of $8,157,200.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$8.16M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Jelly Belly Candy Company received a Paycheck Protection Loan of $8.16M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jelly Belly Candy Company's total 2019 payroll expenses were approximately $39.15M 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 $78,309 per employee1.

Because the loan received by Jelly Belly Candy Company 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 - Jelly Belly Candy Company in Fairfield, CA

Jelly Belly Candy Company
1 Jelly Belly Lane
Fairfield, CA 94533

Business Industry

Nonchocolate Confectionery Manufacturing (NAICS code 311340)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-03

Industry PPP Comparison Statistics

Nationwide, 356 businesses in the "Nonchocolate Confectionery Manufacturing" industry received a total of $111,629,483.00 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 29 employees, 94% lower than Jelly Belly Candy Company's reported 500 employees, and received an average PPP loan of $313,566, 96% lower than this company's loan of $8.16M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/jelly-belly-candy-company-fairfield-ca