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PPP Loan Data — Vintage Associates, Inc., Bermuda Dunes, CA

SBA PPP loan data, payroll data, and salaries for Vintage Associates, Inc.
CA

Vintage Associates, Inc.

Entity: Subchapter S Corporation

Industry: Landscaping Services

Location: Bermuda Dunes, CA

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Vintage Associates, Inc. is a subchapter s corporation located at 78755 Darby Rd in Bermuda Dunes, California that received a Coronavirus-related PPP loan from the SBA of $2,468,010.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.47M

Jobs Retained:

393

Loan Approved:

2020-04-14

Lender:

MECHANICS BANK

Vintage Associates, Inc. in Bermuda Dunes, CA received a Paycheck Protection Loan of $2.47M through MECHANICS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Vintage Associates, Inc.'s total 2019 payroll expenses were approximately $11.85M in order to qualify for the PPP loan amount received.

Based on their reported 393 jobs retained, this equals an estimated average yearly compensation of $30,144 per employee1.

Because the loan received by Vintage Associates, 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 - Vintage Associates, Inc. in Bermuda Dunes, CA

Vintage Associates, Inc.
78755 Darby Rd
Bermuda Dunes, CA 92203

Business Industry

Landscaping Services (NAICS code 561730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-36

Similar Companies near Bermuda Dunes

In the Bermuda Dunes area, 9 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 393) and received an average PPP loan of $359,872 (compared to this company's $2.47M).

Industry PPP Comparison Statistics

Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than Vintage Associates, Inc.'s reported 393 employees, and received an average PPP loan of $75,301, 97% lower than this company's loan of $2.47M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/vintage-associates-inc-bermuda-dunes-ca