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PPP Loan Data — Westside AG II, Inc, Fresno, CA

SBA PPP loan data, payroll data, and salaries for Westside AG II, Inc
CA

Westside AG II, Inc

Entity: Corporation

Industry: All Other Professional, Scientific, and Technical Services

Location: Fresno, CA

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Westside AG II, Inc is a corporation located at 6933 W Portals Ave in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $2,915,270.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.92M

Jobs Retained:

467

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Westside AG II, Inc in Fresno, CA received a Paycheck Protection Loan of $2.92M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Westside AG II, Inc's total 2019 payroll expenses were approximately $13.99M in order to qualify for the PPP loan amount received.

Based on their reported 467 jobs retained, this equals an estimated average yearly compensation of $29,964 per employee1.

Because the loan received by Westside AG II, 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 - Westside AG II, Inc in Fresno, CA

Westside AG II, Inc
6933 W Portals Ave
Fresno, CA 93723

Business Industry

All Other Professional, Scientific, and Technical Services (NAICS code 541990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-16

Similar Companies near Fresno

In the Fresno area, 11 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 467) and received an average PPP loan of $315,953 (compared to this company's $2.92M).

Industry PPP Comparison Statistics

Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 6 employees, 99% lower than Westside AG II, Inc's reported 467 employees, and received an average PPP loan of $74,488, 97% lower than this company's loan of $2.92M.

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.

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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/westside-ag-ii-inc-fresno-ca