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PPP Loan Data — Matagrano Inc.,
South San Francisco, CA
Matagrano Inc.
Entity: Corporation
Industry: Beer and Ale Merchant Wholesalers
Location: South San Francisco, CA
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Matagrano Inc. is a corporation located at 440 Forbes Blvd in South San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $2,917,238.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-08Lender:
RIVER CITY BANKMatagrano Inc. in South San Francisco, CA received a Paycheck Protection Loan of $2.92M through RIVER CITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Matagrano Inc.'s total 2019 payroll expenses were approximately $14M in order to qualify for the PPP loan amount received.
Unlike most businesses, Matagrano Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Matagrano Inc. in South San Francisco, CA
440 Forbes Blvd
South San Francisco, CA 94080
Business Industry
Beer and Ale Merchant Wholesalers (NAICS code 424810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-14Similar Companies near South San Francisco
In the South San Francisco area, 3 businesses in the "Beer and Ale Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 0) and received an average PPP loan of $1,074,079 (compared to this company's $2.92M).
Similar Nearby Businesses Who Received PPP Funding:
S&H Independent Premium Brands West, LLC
South San Francisco, CA
Chrissa Imports, LTD
South San Francisco, CA
Industry PPP Comparison Statistics
Nationwide, 1,103 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $586,037,858.00 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 43 employees, and received an average PPP loan of $531,313, 82% lower than this company's loan of $2.92M.
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, and is published unmodified, as provided by the SBA.
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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