PPP Loan Data — Triangle Distributing Co, Santa Fe Springs, CA
Triangle Distributing Co is a corporation located at 12065 E Pike St in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $3,024,349.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Triangle Distributing Co in Santa Fe Springs, CA received a Paycheck Protection Loan of $3.02M through Wells Fargo Bank, National Association, which was approved in May, 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 July, 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, Triangle Distributing Co's 2019 payroll expenses are estimated to be at least $14.52M.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $62,304 per employee1
Reported PPP Proceed Usage:
On the PPP application, Triangle Distributing Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,024,349
Business Information - Triangle Distributing Co in Santa Fe Springs, CA
12065 E Pike St
Santa Fe Springs, CA 90670
Beer and Ale Merchant Wholesalers
NAICS code 424810
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,374 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $608.79M 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 40 employees, 83% lower than Triangle Distributing Co's reported 233 employees, and received an average PPP loan of $443,078, 85% lower than this company's loan of $3.02M.
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Footnotes & Information
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