PPP Loan Data — Santini Foods Inc, San Lorenzo, CA
Santini Foods Inc
Location: San Lorenzo, CATweet This • Search All PPP Data
Santini Foods Inc is a corporation located at 16506 Worthley Dr in San Lorenzo, California that received a Coronavirus-related PPP loan from the SBA of $1,810,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 160 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Santini Foods Inc in San Lorenzo, CA received a Paycheck Protection Loan of $1.81M through Comerica Bank, 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, Santini Foods Inc's 2019 payroll expenses are estimated to be at least $8.69M.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $54,306 per employee1
Reported PPP Proceed Usage:
On the PPP application, Santini Foods Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,448,172
- Mortgage Interest: $362,028
Business Information - Santini Foods Inc in San Lorenzo, CA
16506 Worthley Dr
San Lorenzo, CA 94580
Dry, Condensed, and Evaporated Dairy Product Manufacturing
NAICS code 311514
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 180 businesses in the "Dry, Condensed, and Evaporated Dairy Product Manufacturing" industry received a total of $71.08M 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 32 employees, 80% lower than Santini Foods Inc's reported 160 employees, and received an average PPP loan of $394,887, 78% lower than this company's loan of $1.81M.
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Footnotes & Information
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