PPP Loan Data — Penny Newman Grain Company, Fresno, CA
Penny Newman Grain Company is a subchapter s corporation located at 2691 S Cedar Ave in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $2,975,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 190 people during the applicable loan loan period.
$ PPP Loan Information
Penny Newman Grain Company received a Paycheck Protection Loan of $2.98M through SUNCREST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Penny Newman Grain Company's total 2019 payroll expenses were approximately $14.28M in order to qualify for the PPP loan amount received.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $75,163 per employee1.
Business Information - Penny Newman Grain Company in Fresno, CA
2691 S Cedar Ave
Fresno, CA 93725
Grain and Field Bean Merchant Wholesalers (NAICS code 424510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-21
Industry PPP Comparison Statistics
Nationwide, 1,029 businesses in the "Grain and Field Bean Merchant Wholesalers" industry received a total of $214,510,443.00 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 16 employees, 92% lower than Penny Newman Grain Company's reported 190 employees, and received an average PPP loan of $208,465, 93% lower than this company's loan of $2.98M.
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Footnotes & Information
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