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PPP Loan Data — S. J. Distrubtors Inc, Milpitas, CA

SBA PPP loan data, payroll data, and salaries for S. J. Distrubtors Inc
CA

S. J. Distrubtors Inc

Entity: Corporation

Industry: Fish and Seafood Merchant Wholesalers

Location: Milpitas, CA

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S. J. Distrubtors Inc is a corporation located at 625 Vista Way in Milpitas, California that received a Coronavirus-related PPP loan from the SBA of $2,825,700.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 240 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1471727304

Loan Size:

$2.83M

Jobs Retained:

240

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Comerica Bank

S. J. Distrubtors Inc in Milpitas, CA received a Paycheck Protection Loan of $2.83M through Comerica Bank, which was approved in April, 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 More
Understanding 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 More

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, S. J. Distrubtors Inc's 2019 payroll expenses are estimated to be at least $13.56M.

Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $56,514 per employee1

Reported PPP Proceed Usage:

On the PPP application, S. J. Distrubtors Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,260,562
  • Mortgage Interest: $565,138
Because the loan received by S. J. Distrubtors 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 - S. J. Distrubtors Inc in Milpitas, CA

S. J. Distrubtors Inc
625 Vista Way
Milpitas, CA 95035

Business Industry:
Fish and Seafood Merchant Wholesalers
NAICS code 424460

Business Owner Demographics

Race: Asian

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

Santa Clara County, CA — SBA Office 0912 — Congressional District: CA-17

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as S. J. Distrubtors Inc.

Sj88 Trucking Inc
General Freight Trucking, Local

$45,600 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,200 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a total of $359.11M 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 12 employees, 95% lower than S. J. Distrubtors Inc's reported 240 employees, and received an average PPP loan of $112,220, 96% lower than this company's loan of $2.83M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/s-j-distrubtors-inc-milpitas-ca