PPP Loan Data — S. Martinelli & Company, Watsonville, CA
S. Martinelli & Company is a subchapter s corporation located at 735 Beach Street in Watsonville, California that received a Coronavirus-related PPP loan from the SBA of $3,894,617.00 in April, 2020.
$ PPP Loan Information
Lender:SANTA CRUZ COUNTY BANK
S. Martinelli & Company in Watsonville, CA received a Paycheck Protection Loan of $3.89M through SANTA CRUZ COUNTY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, S. Martinelli & Company's total 2019 payroll expenses were approximately $18.69M in order to qualify for the PPP loan amount received.
Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $57,344 per employee1.
Business Information - S. Martinelli & Company in Watsonville, CA
735 Beach Street
Watsonville, CA 95076
Frozen Fruit, Juice, and Vegetable Manufacturing (NAICS code 311411)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-20
Industry PPP Comparison Statistics
Nationwide, 301 businesses in the "Frozen Fruit, Juice, and Vegetable Manufacturing" industry received a total of $99,425,976.00 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 31 employees, 90% lower than S. Martinelli & Company's reported 326 employees, and received an average PPP loan of $330,319, 92% lower than this company's loan of $3.89M.
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Footnotes & Information
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