PPP Loan Data — Jorgensen & Sons Inc, Fresno, CA
Jorgensen & Sons Inc
Location: Fresno, CATweet This • Search All PPP Data
Jorgensen & Sons Inc is a corporation located at 2467 Foundry Park Avenue in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $1,937,484.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Jorgensen & Sons Inc in Fresno, CA received a Paycheck Protection Loan of $1.94M through Wells Fargo Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Jorgensen & Sons Inc's 2019 payroll expenses are estimated to be at least $9.3M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $68,888 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jorgensen & Sons Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,937,484
Business Information - Jorgensen & Sons Inc in Fresno, CA
2467 Foundry Park Avenue
Fresno, CA 93706
Other Miscellaneous Durable Goods Merchant Wholesalers
NAICS code 423990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 5 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 135) and received an average PPP loan of $404,911 (compared to this company's $1.94M).
Similar Nearby Businesses Who Received PPP Funding:
Dominique Denise Pittman
Pink Palace Beauty Supply And Salon LLC
Industry PPP Comparison Statistics
Nationwide, 26,568 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1.98B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 95% lower than Jorgensen & Sons Inc's reported 135 employees, and received an average PPP loan of $74,615, 96% lower than this company's loan of $1.94M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!