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PPP Loan Data — Windes, Inc., Long Beach, CA

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

Windes, Inc.

Entity: Corporation

Industry: Offices of Certified Public Accountants

Location: Long Beach, CA

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Windes, Inc. is a corporation located at 111 W. Ocean Blvd in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $3,395,072.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 180 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.4M

Jobs Retained:

180

Loan Approved:

2020-04-07

Lender:

AMERICAN BUSINESS BANK

Windes, Inc. in Long Beach, CA received a Paycheck Protection Loan of $3.4M through AMERICAN BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Windes, Inc.'s total 2019 payroll expenses were approximately $16.3M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $90,535 per employee1.

Because the loan received by Windes, 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 - Windes, Inc. in Long Beach, CA

Windes, Inc.
111 W. Ocean Blvd
Long Beach, CA 90802

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-47

Similar Companies near Long Beach

In the Long Beach area, 18 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 180) and received an average PPP loan of $259,035 (compared to this company's $3.4M).

Industry PPP Comparison Statistics

Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 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, 97% lower than Windes, Inc.'s reported 180 employees, and received an average PPP loan of $88,968, 97% lower than this company's loan of $3.4M.

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/windes-inc-long-beach-ca