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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 $894,342.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 45 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6183208404
Loan Size:
Jobs Retained:
45Loan Approved:
2021-02-10Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationParinas General Corporation in San Ramon, CA received a Paycheck Protection Loan of $894,342 through JPMorgan Chase Bank, National Association, which was approved in February, 2021.
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, Parinas General Corporation's 2019 payroll expenses are estimated to be at least $4.29M.
Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $95,396 per employee1
Reported PPP Proceed Usage:
On the PPP application, Parinas General Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $894,337
- Utilities: $1
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: 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
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Parinas General Corporation.
Cvhcare Holdings, Inc
Home Health Care Services
Castro Valley Health Inc
Home Health Care Services
Similar Companies near San Ramon
In the San Ramon area, 16 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 45) and received an average PPP loan of $278,620 (compared to this company's $894,342).
Similar Nearby Businesses Who Received PPP Funding:
Aerospace Engine Management Group, LLC
San Ramon, CA
Elevated Business Group LLC
San Ramon, CA
S Squared Management Inc
San Ramon, CA
Claremont Retirement Management Services, Inc
San Ramon, CA
Recall Management Inc
San Ramon, CA
W.E Management Company LLC
San Ramon, CA
Willis Management Group, Inc
San Ramon, CA
Bay Area Bears, Inc
San Ramon, CA
Industry PPP Comparison Statistics
Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 87% lower than Parinas General Corporation's reported 45 employees, and received an average PPP loan of $53,548, 94% lower than this company's loan of $894,342.
Parinas General Corporation
Entity: Corporation
Industry: Office Administrative Services
Location: San Ramon, CA
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•
Search All PPP Data
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 #9071217301
Loan Size:
Jobs Retained:
354Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
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.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 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, Parinas General Corporation's 2019 payroll expenses are estimated to be at least $12.47M.
Based on their reported 354 jobs retained, this equals an estimated average yearly compensation of $35,220 per employee1
Reported PPP Proceed Usage:
On the PPP application, Parinas General Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,948,100
- Utilities: $204,290
- Rent: $267,724
- Health Care: $156,107
- Debt Interest: $21,234
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: 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
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Parinas General Corporation.
Cvhcare Holdings, Inc
Home Health Care Services
Castro Valley Health Inc
Home Health Care Services
Similar Companies near San Ramon
In the San Ramon area, 16 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 354) and received an average PPP loan of $278,620 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Aerospace Engine Management Group, LLC
San Ramon, CA
Elevated Business Group LLC
San Ramon, CA
S Squared Management Inc
San Ramon, CA
Claremont Retirement Management Services, Inc
San Ramon, CA
Recall Management Inc
San Ramon, CA
W.E Management Company LLC
San Ramon, CA
Willis Management Group, Inc
San Ramon, CA
Bay Area Bears, Inc
San Ramon, CA
Industry PPP Comparison Statistics
Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 98% lower than Parinas General Corporation's reported 354 employees, and received an average PPP loan of $53,548, 98% 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, 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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