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PPP Loan Data — Tuttle Family Enterprises, Inc, Chatsworth, CA

SBA PPP loan data, payroll data, and salaries for Tuttle Family Enterprises, Inc
CA

Tuttle Family Enterprises, Inc

Entity: Corporation

Industry: Other Personal and Household Goods Repair and Maintenance

Location: Chatsworth, CA

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Tuttle Family Enterprises, Inc is a corporation located at 21020 Superior Street in Chatsworth, California that received a Coronavirus-related PPP loan from the SBA of $4,312,275.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.31M

Jobs Retained:

500

Loan Approved:

2020-04-12

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Tuttle Family Enterprises, Inc in Chatsworth, CA received a Paycheck Protection Loan of $4.31M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Tuttle Family Enterprises, Inc's total 2019 payroll expenses were approximately $20.7M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $41,398 per employee1.

Because the loan received by Tuttle Family Enterprises, 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 - Tuttle Family Enterprises, Inc in Chatsworth, CA

Tuttle Family Enterprises, Inc
21020 Superior Street
Chatsworth, CA 91311

Business Industry

Other Personal and Household Goods Repair and Maintenance (NAICS code 811490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-25

Similar Companies near Chatsworth

In the Chatsworth area, 5 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 500) and received an average PPP loan of $883,494 (compared to this company's $4.31M).

Industry PPP Comparison Statistics

Nationwide, 9,496 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a total of $387,422,684.00 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 5 employees, 99% lower than Tuttle Family Enterprises, Inc's reported 500 employees, and received an average PPP loan of $40,799, 99% lower than this company's loan of $4.31M.

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.

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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/tuttle-family-enterprises-inc-chatsworth-ca