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

PPP Loan Data — Palecek Imports, Inc., Richmond, CA

SBA PPP loan data, payroll data, and salaries for Palecek Imports, Inc.
CA

Palecek Imports, Inc.

Entity: Corporation

Industry: Home Furnishing Merchant Wholesalers

Location: Richmond, CA

Search All PPP Data

Palecek Imports, Inc. is a corporation located at 601 Parr Blvd. in Richmond, California that received a Coronavirus-related PPP loan from the SBA of $2,541,737.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.54M

Jobs Retained:

188

Loan Approved:

2020-04-11

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Palecek Imports, Inc. in Richmond, CA received a Paycheck Protection Loan of $2.54M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Palecek Imports, Inc.'s total 2019 payroll expenses were approximately $12.2M in order to qualify for the PPP loan amount received.

Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $64,895 per employee1.

Because the loan received by Palecek Imports, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Palecek Imports, Inc. in Richmond, CA

Palecek Imports, Inc.
601 Parr Blvd.
Richmond, CA 94801

Business Industry

Home Furnishing Merchant Wholesalers (NAICS code 423220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-11

Industry PPP Comparison Statistics

Nationwide, 3,013 businesses in the "Home Furnishing Merchant Wholesalers" industry received a total of $467,430,448.00 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 12 employees, 94% lower than Palecek Imports, Inc.'s reported 188 employees, and received an average PPP loan of $155,138, 94% lower than this company's loan of $2.54M.

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.

Search FederalPay's Full PPP Loan Database

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.


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/palecek-imports-inc-richmond-ca