PPP Loan Data — Pioneer Equipment Co, Fresno, CA
Pioneer Equipment Co
Location: Fresno, CATweet This • Search All PPP Data
Pioneer Equipment Co is a corporation located at 2589 N. Air Fresno Suite 109 in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $1,575,164.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Pioneer Equipment Co in Fresno, CA received a Paycheck Protection Loan of $1.58M through Wells Fargo Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Pioneer Equipment Co's 2019 payroll expenses are estimated to be at least $7.56M.
Based on their reported 131 jobs retained, this equals an estimated average yearly compensation of $57,716 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pioneer Equipment Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,575,164
Business Information - Pioneer Equipment Co in Fresno, CA
2589 N. Air Fresno Suite 109
Fresno, CA 93727
Farm and Garden Machinery and Equipment Merchant Wholesalers
NAICS code 423820
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 4 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 131) and received an average PPP loan of $426,135 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Outpost Central Corp
Industry PPP Comparison Statistics
Nationwide, 3,216 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $635.92M 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 17 employees, 87% lower than Pioneer Equipment Co's reported 131 employees, and received an average PPP loan of $197,736, 87% lower than this company's loan of $1.58M.
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Footnotes & Information
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