PPP Loan Data — Stanley G Alexander, Inc, Tustin, CA
Stanley G Alexander, Inc is a corporation located at 2942 Dow Ave in Tustin, California that received a Coronavirus-related PPP loan from the SBA of $4,103,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Banc of California, National Association
Stanley G Alexander, Inc in Tustin, CA received a Paycheck Protection Loan of $4.1M through Banc of California, National Association, which was approved in April, 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 June, 2021.
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, Stanley G Alexander, Inc's 2019 payroll expenses are estimated to be at least $19.7M.
Based on their reported 293 jobs retained, this equals an estimated average yearly compensation of $67,231 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stanley G Alexander, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,103,900
Business Information - Stanley G Alexander, Inc in Tustin, CA
2942 Dow Ave
Tustin, CA 92780
Used Household and Office Goods Moving
NAICS code 484210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tustin
In the Tustin area, 2 businesses in the "Used Household and Office Goods Moving" industry received a PPP loan. These local businesses reported an average of 212 employees (compared to this company's 293) and received an average PPP loan of $2,215,450 (compared to this company's $4.1M).
Similar Nearby Businesses Who Received PPP Funding:
Orange County Movers Inc
Industry PPP Comparison Statistics
Nationwide, 10,675 businesses in the "Used Household and Office Goods Moving" industry received a total of $894.22M 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 10 employees, 97% lower than Stanley G Alexander, Inc's reported 293 employees, and received an average PPP loan of $83,768, 98% lower than this company's loan of $4.1M.
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Footnotes & Information
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