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PPP Loan Data — Western Bagel Baking Corporation,
Van Nuys, CA
Western Bagel Baking Corporation
Entity: Corporation
Industry: Commercial Bakeries
Location: Van Nuys, CA
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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:
Jobs Retained:
459Loan Approved:
2020-04-14Lender:
BANK OF THE WESTWestern 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.
Business Information - Western Bagel Baking Corporation in Van Nuys, CA
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-29Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
SGB Bubbles Baking Co LLC
Van Nuys, CA
Hovsep Sarkhoshian
Van Nuys, CA
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. § 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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