PPP Loan Data — Valdez Painting Inc, Sacramento, CA
Valdez Painting Inc is a subchapter s corporation located at 2400 Alhambra Boulevard in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $6,842,140.00 in April, 2020.
$ PPP Loan Information
Valdez Painting Inc received a Paycheck Protection Loan of $6.84M through MECHANICS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Valdez Painting Inc's total 2019 payroll expenses were approximately $32.84M in order to qualify for the PPP loan amount received.
Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $68,708 per employee1.
Business Information - Valdez Painting Inc in Sacramento, CA
2400 Alhambra Boulevard
Sacramento, CA 95817
Painting and Wall Covering Contractors (NAICS code 238320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-06
Similar Companies near Sacramento
In the Sacramento area, 5 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 478) and received an average PPP loan of $1,393,376 (compared to this company's $6.84M).
Similar Nearby Businesses Who Received PPP Funding:
Valdez Plastering, Inc.
Steve Rose Painting Co
Painting And Decorating Contractors Association
Mark Fuoco Artistic Design Inc
Industry PPP Comparison Statistics
Nationwide, 19,970 businesses in the "Painting and Wall Covering Contractors" industry received a total of $1,410,716,974.00 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 6 employees, 99% lower than Valdez Painting Inc's reported 478 employees, and received an average PPP loan of $70,642, 99% lower than this company's loan of $6.84M.
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Footnotes & Information
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