PPP Loan Data — Salsbury Industries Inc, Carson, CA
Salsbury Industries Inc
Location: Carson, CATweet This • Search All PPP Data
Salsbury Industries Inc is a corporation located at 18300 Central Ave in Carson, California that received a Coronavirus-related PPP loan from the SBA of $1,533,102.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Salsbury Industries Inc in Carson, CA received a Paycheck Protection Loan of $1.53M through Bank of America, National Association, which was approved in May, 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, Salsbury Industries Inc's 2019 payroll expenses are estimated to be at least $7.36M.
Based on their reported 380 jobs retained, this equals an estimated average yearly compensation of $19,366 per employee1
Reported PPP Proceed Usage:
On the PPP application, Salsbury Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,533,102
Business Information - Salsbury Industries Inc in Carson, CA
18300 Central Ave
Carson, CA 90746
Showcase, Partition, Shelving, and Locker Manufacturing
NAICS code 337215
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 741 businesses in the "Showcase, Partition, Shelving, and Locker Manufacturing" industry received a total of $241.29M 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 29 employees, 92% lower than Salsbury Industries Inc's reported 380 employees, and received an average PPP loan of $325,621, 79% lower than this company's loan of $1.53M.
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Footnotes & Information
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