PPP Loan Data — Sheikh Gustaveson & Nassar Inc, Madera, CA
Sheikh Gustaveson & Nassar Inc
Location: Madera, CATweet This • Search All PPP Data
Sheikh Gustaveson & Nassar Inc is a corporation located at 1111 W 4th St in Madera, California that received a Coronavirus-related PPP loan from the SBA of $16,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITIZENS BUSINESS BANK
Sheikh Gustaveson & Nassar Inc received a Paycheck Protection Loan of $16,000 through CITIZENS BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sheikh Gustaveson & Nassar Inc's total 2019 payroll expenses were approximately $76,800 in order to qualify for the PPP loan amount received.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $19,200 per employee1.
Business Information - Sheikh Gustaveson & Nassar Inc in Madera, CA
1111 W 4th St
Madera, CA 93637
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-16
Similar Companies near Madera
In the Madera area, 19 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 4) and received an average PPP loan of $293,407 (compared to this company's $16,000).
Similar Nearby Businesses Who Received PPP Funding:
Madera Pulmonary & Sleep Dis Center Inc
Cyril W Rebel MD
Eye And Vision Central California Inc
Shobha Sekhon MD
Sohaila M Mojadaddi, MD
Satwant Samrao MD
Madera Family Medical Group, Inc.
Amer Ali, MD
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 150% higher than Sheikh Gustaveson & Nassar Inc's reported 4 employees, and received an average PPP loan of $138,136, 763% higher than this company's loan of $16,000.
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.
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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