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PPP Loan Data — South Bay Sand Blasting And Tank Cleaning, Inc, National City, CA

SBA PPP loan data, payroll data, and salaries for South Bay Sand Blasting And Tank Cleaning, Inc
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:

$2.87M

Jobs Retained:

220

Loan Approved:

2020-04-28

Lender:

FIRST BANK

South 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.

Because the loan received by South Bay Sand Blasting And Tank Cleaning, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - South Bay Sand Blasting And Tank Cleaning, Inc in National City, CA

South Bay Sand Blasting And Tank Cleaning, Inc
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-51

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/south-bay-sand-blasting-and-tank-cleaning-inc-national-city-ca