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PPP Loan Data — Signature I Corporation, Bakersfield, CA

SBA PPP loan data, payroll data, and salaries for Signature I Corporation
CA

Signature I Corporation

Entity: Subchapter S Corporation

Industry: Industrial Building Construction

Location: Bakersfield, CA

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Signature I Corporation is a subchapter s corporation located in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $8,480.00 in June, 2020.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6326007808

Loan Size:

$8,480

Jobs Retained:

1

Loan Approved:

2020-06-01

Loan Status:

Paid in Full or Forgiven

Lender:

Westamerica Bank

Signature I Corporation in Bakersfield, CA received a Paycheck Protection Loan of $8,480 through Westamerica Bank, which was approved in June, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Signature I Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,480

Business Information - Signature I Corporation in Bakersfield, CA

Signature I Corporation
Bakersfield, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Industrial Building Construction
NAICS code 236210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Kern County, CA — SBA Office 0942 — Congressional District: CA-21

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Signature I Corporation.

Braun Electric Company, Inc
Electrical Contractors and Other Wiring Installation Contractors

$3.8M PPP Loan

Similar Companies near Bakersfield

In the Bakersfield area, 17 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 1) and received an average PPP loan of $200,020 (compared to this company's $8,480).

Industry PPP Comparison Statistics

Nationwide, 16,033 businesses in the "Industrial Building Construction" industry received a total of $2.22B 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 11 employees, 1000% higher than Signature I Corporation's reported 1 employees, and received an average PPP loan of $138,295, 1531% higher than this company's loan of $8,480.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/signature-i-corporation-bakersfield-ca