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PPP Loan Data — South Bay Sand Blasting And Tank Cleaning, Inc,
National City, CA
South Bay Sand Blasting And Tank Cleaning, Inc
Entity: Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: National City, CA
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South Bay Sand Blasting And Tank Cleaning, Inc is a corporation located at 326 W. 30th St in National City, California that received a Coronavirus-related PPP loan from the SBA of $2,866,645.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 220 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
220Loan Approved:
2020-04-28Lender:
FIRST BANKSouth Bay Sand Blasting And Tank Cleaning, Inc received a Paycheck Protection Loan of $2.87M through FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, South Bay Sand Blasting And Tank Cleaning, Inc's total 2019 payroll expenses were approximately $13.76M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $62,545 per employee1.
Business Information - South Bay Sand Blasting And Tank Cleaning, Inc in National City, CA
326 W. 30th St
National City, CA 91950
Business Industry
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-51Similar Companies near National City
In the National City area, 5 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 220) and received an average PPP loan of $581,020 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
German's Hair Style
National City, CA
Alfrerdo Haro Lopez
National City, CA
Multiware Software
National City, CA
Clarence O Reyes
National City, CA
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than South Bay Sand Blasting And Tank Cleaning, Inc's reported 220 employees, and received an average PPP loan of $74,488, 97% lower than this company's loan of $2.87M.
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.
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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