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PPP Loan Data — T-Y Nursery, Inc, Torrance, CA

SBA PPP loan data, payroll data, and salaries for T-Y Nursery, Inc
CA

T-Y Nursery, Inc

Entity: Subchapter S Corporation

Industry: Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers

Location: Torrance, CA

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T-Y Nursery, Inc is a subchapter s corporation located at 5221 Arvada Street Torrance Ca 90503 in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $2,476,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.48M

Jobs Retained:

320

Loan Approved:

2020-04-16

Lender:

ZIONS BANK, A DIVISION OF

T-Y Nursery, Inc in Torrance, CA received a Paycheck Protection Loan of $2.48M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, T-Y Nursery, Inc's total 2019 payroll expenses were approximately $11.89M in order to qualify for the PPP loan amount received.

Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $37,148 per employee1.

Because the loan received by T-Y Nursery, 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 - T-Y Nursery, Inc in Torrance, CA

T-Y Nursery, Inc
5221 Arvada Street Torrance Ca 90503
Torrance, CA 90503

Business Industry

Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers (NAICS code 424930)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Similar Companies near Torrance

In the Torrance area, 5 businesses in the "Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 320) and received an average PPP loan of $662,660 (compared to this company's $2.48M).

Industry PPP Comparison Statistics

Nationwide, 2,374 businesses in the "Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers" industry received a total of $294,279,172.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 96% lower than T-Y Nursery, Inc's reported 320 employees, and received an average PPP loan of $123,959, 95% lower than this company's loan of $2.48M.

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, 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/t-y-nursery-inc-torrance-ca