These Pleasanton Companies Got The Biggest PPP Loans
PLEASANTON, CA — Four hundred Pleasanton companies were among the 87,000 California businesses and non-profits that received loans from the federal Paycheck Protection Program, or PPP, to help pay their employees during the coronavirus pandemic, according to data released this week.
The loans, which varied in amount, were established as part of the federal government's CARES Act and are forgiven as long as businesses keep employees on their payroll, without cutting pay.
On Monday, the U.S. Small Business Administration released data showing that nearly 5 million businesses have received PPP loans of more than $150,000 — totaling more than $521 billion. The U.S. Treasury says the money has supported 51.1 million jobs.
In California, more than 4.1 million jobs have been retained thanks to loans of greater than $150,000, according to the SBA. They went to a variety of organizations, from small restaurants to large companies with hundreds of employees.
The Pleasanton businesses and nonprofits approved for the highest loan bracket, receiving between $5 million and $10 million, included:
Epic Personnel Partners
PMN Design Electric
SCiens Building Solutions
The Pleasanton businesses and nonprofits approved for the second-highest loan bracket, receiving between $2 million and $5 million, included:
4Leaf
Akshaya
Avanquest North America
Bayone Solutions
Blackrock Logistics
Cameo Global
Colevan Electric
Construction Testing Services
Conxtech
Dahlin Group
Earl Adams Tile-Coping and Plastering
Excel Building Services
Hacienda Motors
HR Metrics
Mackay & Somps Civil Engineers
Matchpoint Solutions
Paxon Energy & Infrastructure Services
Ramirez Lucatero Holding
Sensiba San Filippo
The Quarry Lane School
These 10 Pleasanton businesses and nonprofits reported plans to retain the most workers, thanks to their PPP loan:
Epic Personnel Partners (500 jobs retained)
Colevan Electric (500 jobs retained)
Excel Building Services (391 jobs retained)
I Double on Nine (328 jobs retained)
Shahs of Shiraz (309 jobs retained)
Nor Cal Fast Foods (251 jobs retained)
Eastridge Pacific Senior Living (236 jobs retained)
Tryfacta (225 jobs retained)
Cameo Global (203 jobs retained)
Western Traffic Supply (200 jobs retained)
Want to see how other Pleasanton businesses fared? View this searchable database of all California companies that received PPP loans here.
Patch staffers Nick Garber, Lucas Combos and Shannon Antinori contributed to this report.
This article originally appeared on the Pleasanton Patch