PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Western Bagel Baking Corporation, Van Nuys, CA

SBA PPP loan data, payroll data, and salaries for Western Bagel Baking Corporation
CA

Western Bagel Baking Corporation

Entity: Corporation

Industry: Commercial Bakeries

Location: Van Nuys, CA

Search All PPP Data

Western Bagel Baking Corporation is a corporation located at 7814 Sepulveda Blvd in Van Nuys, California that received a Coronavirus-related PPP loan from the SBA of $4,799,552.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 459 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.8M

Jobs Retained:

459

Loan Approved:

2020-04-14

Lender:

BANK OF THE WEST

Western Bagel Baking Corporation received a Paycheck Protection Loan of $4.8M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Western Bagel Baking Corporation's total 2019 payroll expenses were approximately $23.04M in order to qualify for the PPP loan amount received.

Based on their reported 459 jobs retained, this equals an estimated average yearly compensation of $50,191 per employee1.

Because the loan received by Western Bagel Baking Corporation 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 - Western Bagel Baking Corporation in Van Nuys, CA

Western Bagel Baking Corporation
7814 Sepulveda Blvd
Van Nuys, CA 91405

Business Industry

Commercial Bakeries (NAICS code 311812)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-29

Similar Companies near Van Nuys

In the Van Nuys area, 3 businesses in the "Commercial Bakeries" industry received a PPP loan. These local businesses reported an average of 169 employees (compared to this company's 459) and received an average PPP loan of $1,731,006 (compared to this company's $4.8M).

Industry PPP Comparison Statistics

Nationwide, 2,425 businesses in the "Commercial Bakeries" industry received a total of $481,514,310.00 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 22 employees, 95% lower than Western Bagel Baking Corporation's reported 459 employees, and received an average PPP loan of $198,563, 96% lower than this company's loan of $4.8M.

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. ยง 552 (Freedom of Information Act) and 5 U.S.C. ยง 552a (the Privacy Act) 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/western-bagel-baking-corporation-van-nuys-ca