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PPP Loan Data — Pacific Die Cut Industries,
Hayward, CA
Pacific Die Cut Industries
Entity: Sole Proprietorship
Industry: All Other Miscellaneous Manufacturing
Location: Hayward, CA
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Pacific Die Cut Industries is a sole proprietorship located at 3399 Arden Rd in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $537,000.00 in February, 2021.
The company has reported itself as an Asian male owned business, and employed at least 60 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6574578407
Loan Size:
Jobs Retained:
60Loan Approved:
2021-02-10Loan Status:
Active Un-DisbursedLender:
Readycap Lending, LLCPacific Die Cut Industries in Hayward, CA received a Paycheck Protection Loan of $537,000 through Readycap Lending, LLC, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $537,000 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 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 MoreUnderstanding 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 MoreBased 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, Pacific Die Cut Industries' 2019 payroll expenses are estimated to be at least $2.58M.
Based on their reported 60 jobs retained, this equals an estimated average yearly compensation of $42,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Die Cut Industries reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $536,995
- Utilities: $1
Business Information - Pacific Die Cut Industries in Hayward, CA
3399 Arden Rd
Hayward, CA 94545
Business Industry:
All Other Miscellaneous Manufacturing
NAICS code 339999
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Hayward
In the Hayward area, 13 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 60) and received an average PPP loan of $302,508 (compared to this company's $537,000).
Similar Nearby Businesses Who Received PPP Funding:
Abeam Technologies Inc
Castro Valley, CA
Halco Fasteners Inc
Hayward, CA
PAN Pacific Manufacturing Inc
Hayward, CA
Mission Tool & MFG. Co. Inc
Hayward, CA
James Heck & Associates, Inc
Hayward, CA
Precision Micron Technology Inc
Hayward, CA
Donald Woods
Hayward, CA
American Bath Enterprises
Hayward, CA
Industry PPP Comparison Statistics
Nationwide, 14,875 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1.99B 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 13 employees, 78% lower than Pacific Die Cut Industries' reported 60 employees, and received an average PPP loan of $133,784, 75% lower than this company's loan of $537,000.
Pacific Die Cut Industries
Entity: Sole Proprietorship
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)
Location: Hayward, CA
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Pacific Die Cut Industries is a sole proprietorship located at 3399 Arden Road in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $947,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 65 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6328347101
Loan Size:
Jobs Retained:
65Loan Approved:
2020-04-14Loan Status:
Ongoing LoanLender:
Customers BankPacific Die Cut Industries in Hayward, CA received a Paycheck Protection Loan of $947,300 through Customers Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Pacific Die Cut Industries' 2019 payroll expenses are estimated to be at least $4.55M.
Based on their reported 65 jobs retained, this equals an estimated average yearly compensation of $69,954 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Die Cut Industries reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $947,300
Business Information - Pacific Die Cut Industries in Hayward, CA
3399 Arden Road
Hayward, CA 94545
Business Industry:
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Hayward
In the Hayward area, 59 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 65) and received an average PPP loan of $164,166 (compared to this company's $947,300).
Similar Nearby Businesses Who Received PPP Funding:
Singervet Inc
Hayward, CA
Techstyles Sportswear LLC
Hayward, CA
Apperbuild, LLC
Castro Valley, CA
Knvo Investments LLC
Hayward, CA
E-Trade Auto Connection LLC
Hayward, CA
American Ave Hydroponics
Hayward, CA
JIN Lee
Hayward, CA
Alma Baez
Hayward, CA
D & S Dhami Corporation
Hayward, CA
Industry PPP Comparison Statistics
Nationwide, 102,670 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $4.39B 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, 91% lower than Pacific Die Cut Industries' reported 65 employees, and received an average PPP loan of $42,767, 95% lower than this company's loan of $947,300.
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.
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.
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