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PPP Loan Data — AG Engineering Inc, Rancho Cucamonga, CA

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

AG Engineering Inc

Entity: Corporation

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: Rancho Cucamonga, CA

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AG Engineering Inc is a corporation located at 8647 Helms Avenue in Rancho Cucamonga, California that received a Coronavirus-related PPP loan from the SBA of $42,700.00 in May, 2020.

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

$ PPP Loan Information

Loan Size:

$42,700

Jobs Retained:

4

Loan Approved:

2020-05-01

Lender:

ZIONS BANK, A DIVISION OF

AG Engineering Inc received a Paycheck Protection Loan of $42,700 through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.

Based on standard PPP eligibility rules, AG Engineering Inc's total 2019 payroll expenses were approximately $204,960 in order to qualify for the PPP loan amount received.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $51,240 per employee1.

Business Information - AG Engineering Inc in Rancho Cucamonga, CA

AG Engineering Inc
8647 Helms Avenue
Rancho Cucamonga, CA 91730

Business Industry

Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: CA-31

Similar Companies near Rancho Cucamonga

In the Rancho Cucamonga area, 20 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 4) and received an average PPP loan of $553,630 (compared to this company's $42,700).

Industry PPP Comparison Statistics

Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 200% higher than AG Engineering Inc's reported 4 employees, and received an average PPP loan of $181,171, 324% higher than this company's loan of $42,700.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/ag-engineering-inc-rancho-cucamonga-ca