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PPP Loan Data — Longevity Global Inc, Hayward, CA

ALERT: There are a total of 2 PPP loans in our database for businesses with the name "Longevity Global Inc" in Hayward, CA. Reasoning for multiple loans may include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. See the list of loans under this name and additional details below.

SBA PPP loan data, payroll data, and salaries for Longevity Global Inc
CA

Longevity Global Inc

Entity: Corporation

Industry: Other Construction Material Merchant Wholesalers

Location: Hayward, CA

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Longevity Global Inc is a corporation located at 23591 Foley Street in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $20,767.00 in June, 2020.

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

$ PPP Loan Information

Loan Size:

$20,767

Jobs Retained:

5

Loan Approved:

2020-06-30

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Longevity Global Inc received a Paycheck Protection Loan of $20,767 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Longevity Global Inc's total 2019 payroll expenses were approximately $99,682 in order to qualify for the PPP loan amount received.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $19,936 per employee1.

Business Information - Longevity Global Inc in Hayward, CA

Longevity Global Inc
23591 Foley Street
Hayward, CA 94545

Business Industry

Other Construction Material Merchant Wholesalers (NAICS code 423390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-15

Similar Companies near Hayward

In the Hayward area, 4 businesses in the "Other Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 5) and received an average PPP loan of $268,529 (compared to this company's $20,767).

Industry PPP Comparison Statistics

Nationwide, 2,198 businesses in the "Other Construction Material Merchant Wholesalers" industry received a total of $354,432,196.00 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 12 employees, 140% higher than Longevity Global Inc's reported 5 employees, and received an average PPP loan of $161,252, 676% higher than this company's loan of $20,767.

SBA PPP loan data, payroll data, and salaries for Longevity Global, Inc.
CA

Longevity Global, Inc.

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Hayward, CA

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Longevity Global, Inc. is a sole proprietorship located at 23591 Foley Street in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $20,700.00 in June, 2020.

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

$ PPP Loan Information

Loan Size:

$20,700

Jobs Retained:

3

Loan Approved:

2020-06-30

Lender:

CUSTOMERS BANK

Longevity Global, Inc. received a Paycheck Protection Loan of $20,700 through CUSTOMERS BANK, which was approved in June, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Longevity Global, Inc.'s total 2019 payroll expenses were approximately $99,360 in order to qualify for the PPP loan amount received.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $33,120 per employee1.

Business Information - Longevity Global, Inc. in Hayward, CA

Longevity Global, Inc.
23591 Foley Street
Hayward, CA 94545

Business Industry

All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-15

Similar Companies near Hayward

In the Hayward area, 45 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $186,685 (compared to this company's $20,700).

Industry PPP Comparison Statistics

Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 100% higher than Longevity Global, Inc.'s reported 3 employees, and received an average PPP loan of $50,641, 145% higher than this company's loan of $20,700.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/longevity-global-inc-hayward-ca