PPP Loan Data — Veterinary Service Inc, Modesto, CA
Veterinary Service Inc
Location: Modesto, CATweet This • Search All PPP Data
Veterinary Service Inc is a corporation located at 4100 Bangs Ave in Modesto, California that received a Coronavirus-related PPP loan from the SBA of $3,418,692.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Veterinary Service Inc received a Paycheck Protection Loan of $3.42M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Veterinary Service Inc's total 2019 payroll expenses were approximately $16.41M in order to qualify for the PPP loan amount received.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $71,038 per employee1.
Business Information - Veterinary Service Inc in Modesto, CA
4100 Bangs Ave
Modesto, CA 95356
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS code 423450)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-10
Similar Companies near Modesto
In the Modesto area, 5 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 231) and received an average PPP loan of $750,209 (compared to this company's $3.42M).
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Neuropro Spinal Jaxx Inc.
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Industry PPP Comparison Statistics
Nationwide, 8,635 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1,055,539,669.00 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 9 employees, 96% lower than Veterinary Service Inc's reported 231 employees, and received an average PPP loan of $122,240, 96% lower than this company's loan of $3.42M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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