PPP Loan Data — Ocean Terminal Services, San Pedro, CA
Ocean Terminal Services
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: San Pedro, CATweet This • Search All PPP Data
Ocean Terminal Services is a corporation located at 2500 Via Cabrillo Marina in San Pedro, California that received a Coronavirus-related PPP loan from the SBA of $5,389,114.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Ocean Terminal Services received a Paycheck Protection Loan of $5.39M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Ocean Terminal Services' total 2019 payroll expenses were approximately $25.87M in order to qualify for the PPP loan amount received.
Unlike most businesses, Ocean Terminal Services' 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 - Ocean Terminal Services in San Pedro, CA
2500 Via Cabrillo Marina
San Pedro, CA 90731
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-44
Similar Companies near San Pedro
In the San Pedro area, 2 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $2,708,067 (compared to this company's $5.39M).
Similar Nearby Businesses Who Received PPP Funding:
Crate Maintenance, Inc.
San Pedro, CA
Industry PPP Comparison Statistics
Nationwide, 12,028 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $1,542,124,009.00 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 10 employees, and received an average PPP loan of $128,211, 98% lower than this company's loan of $5.39M.
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