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PPP Loan Data — Parinas General Corporation,
San Ramon, CA
Parinas General Corporation
Entity: Corporation
Industry: Office Administrative Services
Location: San Ramon, CA
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Parinas General Corporation is a corporation located at 39 Beta Ct in San Ramon, California that received a Coronavirus-related PPP loan from the SBA of $2,597,455.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 354 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
354Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONParinas General Corporation in San Ramon, CA received a Paycheck Protection Loan of $2.6M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Parinas General Corporation's total 2019 payroll expenses were approximately $12.47M in order to qualify for the PPP loan amount received.
Based on their reported 354 jobs retained, this equals an estimated average yearly compensation of $35,220 per employee1.
Business Information - Parinas General Corporation in San Ramon, CA
39 Beta Ct
San Ramon, CA 94583
Business Industry
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-15Similar Companies near San Ramon
In the San Ramon area, 14 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 354) and received an average PPP loan of $253,053 (compared to this company's $2.6M).
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Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 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 9 employees, 97% lower than Parinas General Corporation's reported 354 employees, and received an average PPP loan of $95,712, 96% lower than this company's loan of $2.6M.
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.
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.
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