Twining, Inc. in Long Beach, CA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Twining, Inc., Long Beach, CA

Twining, Inc.

Entity: Corporation

Industry: Building Inspection Services

Location: Long Beach, CA

Twining, Inc. is a corporation located at 2883 East Spring Street in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $4,708,905.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.71M

Jobs Retained:

268

Loan Approved:

2020-04-27

Lender:

PACIFIC WESTERN BANK

Twining, Inc. in Long Beach, CA received a Paycheck Protection Loan of $4.71M through PACIFIC WESTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Twining, Inc.'s total 2019 payroll expenses were approximately $22.6M in order to qualify for the PPP loan amount received.

Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $84,339 per employee¹.

Because the loan received by Twining, 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 - Twining, Inc. in Long Beach, CA

Twining, Inc.
2883 East Spring Street
Long Beach, CA 90806

Business Industry

Building Inspection Services (NAICS code 541350)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-47

Industry PPP Comparison Statistics

Nationwide, 3,904 businesses in the "Building Inspection Services" industry received a total of $173,345,499.00 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 4 employees, 99% lower than Twining, Inc.'s reported 268 employees, and received an average PPP loan of $44,402, 99% lower than this company's loan of $4.71M.

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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