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PPP Loan Data — S. Martinelli & Company,
Watsonville, CA
S. Martinelli & Company
Entity: Subchapter S Corporation
Industry: Frozen Fruit, Juice, and Vegetable Manufacturing
Location: Watsonville, CA
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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
Loan Size:
Jobs Retained:
326Loan Approved:
2020-04-27Lender:
SANTA CRUZ COUNTY BANKS. 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
Business Industry
Frozen Fruit, Juice, and Vegetable Manufacturing (NAICS code 311411)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-20Industry 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.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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