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

PPP Loan Data — Pacific Die Cut Industries, Hayward, CA

ALERT: There are 2 PPP loans for a total of $1.48M in our database for businesses with the name "Pacific Die Cut Industries" in Hayward, 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 Pacific Die Cut Industries
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:

$537,000

Jobs Retained:

60

Loan Approved:

2021-02-10

Loan Status:

Active Un-Disbursed

Lender:

Readycap Lending, LLC
PPP Funds Undisbursed

Pacific 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 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, 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

Pacific Die Cut Industries
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

Alameda County, CA — SBA Office 0912 — Congressional District: CA-15

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).

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.

SBA PPP loan data, payroll data, and salaries for Pacific Die Cut Industries
CA

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:

$947,300

Jobs Retained:

65

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Pacific 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 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, 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

Pacific Die Cut Industries
3399 Arden Road
Hayward, CA 94545

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

Alameda County, CA — SBA Office 0912 — Congressional District: CA-15

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).

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pacific-die-cut-industries-hayward-ca