PPP Loan Data — Western Bagel Baking Corporation, Van Nuys, CA
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
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.
Business Information - Western Bagel Baking Corporation in Van Nuys, CA
7814 Sepulveda Blvd
Van Nuys, CA 91405
Commercial Bakeries (NAICS code 311812)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
SGB Bubbles Baking Co LLC
Van Nuys, CA
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!