PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Mengshen Furniture Factory Direct Inc, San Leandro, CA

ALERT: There are 2 PPP loans for a total of $87,629 in our database for businesses with the name "Mengshen Furniture Factory Direct Inc" in San Leandro, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Mengshen Furniture Factory Direct Inc
CA

Mengshen Furniture Factory Direct Inc

Entity: Corporation

Industry: Process, Physical Distribution, and Logistics Consulting Services

Location: San Leandro, CA

Search All PPP Data

Mengshen Furniture Factory Direct Inc is a corporation located at 2012 Farallon Dr in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $43,815.00 in January, 2021.

$ PPP Loan Information
Loan #1964258310

Loan Size:

$43,815

Jobs Retained:

4

Loan Approved:

2021-01-20

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Mengshen Furniture Factory Direct Inc in San Leandro, CA received a Paycheck Protection Loan of $43,815 through Bank of America, National Association, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Mengshen Furniture Factory Direct Inc's 2019 payroll expenses are estimated to be at least $210,312.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $52,578 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mengshen Furniture Factory Direct Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $43,813
  • Utilities: $1

Business Information - Mengshen Furniture Factory Direct Inc in San Leandro, CA

Mengshen Furniture Factory Direct Inc
2012 Farallon Dr
San Leandro, CA 94577

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-13

Similar Companies near San Leandro

In the San Leandro area, 2 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $26,156 (compared to this company's $43,815).

Similar Nearby Businesses Who Received PPP Funding:

Robert Mosley
San Leandro, CA

$8,497 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 10,174 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $912.64M 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 8 employees, 100% higher than Mengshen Furniture Factory Direct Inc's reported 4 employees, and received an average PPP loan of $89,703, 105% higher than this company's loan of $43,815.

SBA PPP loan data, payroll data, and salaries for Mengshen Furniture Factory Direct Inc
CA

Mengshen Furniture Factory Direct Inc

Entity: Corporation

Industry: Furniture Stores

Location: San Leandro, CA

Search All PPP Data

Mengshen Furniture Factory Direct Inc is a corporation located at 2012 Farallon Dr in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $43,814.00 in May, 2020.

$ PPP Loan Information
Loan #5178667701

Loan Size:

$43,814

Jobs Retained:

4

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Mengshen Furniture Factory Direct Inc in San Leandro, CA received a Paycheck Protection Loan of $43,814 through Bank of America, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Mengshen Furniture Factory Direct Inc's 2019 payroll expenses are estimated to be at least $210,307.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $52,577 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mengshen Furniture Factory Direct Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $43,814

Business Information - Mengshen Furniture Factory Direct Inc in San Leandro, CA

Mengshen Furniture Factory Direct Inc
2012 Farallon Dr
San Leandro, CA 94577

Business Industry:
Furniture Stores
NAICS code 442110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-13

Similar Companies near San Leandro

In the San Leandro area, 9 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 4) and received an average PPP loan of $1,463,232 (compared to this company's $43,814).

Industry PPP Comparison Statistics

Nationwide, 16,166 businesses in the "Furniture Stores" industry received a total of $1.52B 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 10 employees, 150% higher than Mengshen Furniture Factory Direct Inc's reported 4 employees, and received an average PPP loan of $94,189, 115% higher than this company's loan of $43,814.

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. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mengshen-furniture-factory-direct-inc-san-leandro-ca