PPP Loan Data — Alatus Aerosystems, City Of Industry, CA
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Alatus Aerosystems is a corporation located at 17055 Gale Ave in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $6,538,100.00 in April, 2020.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
Alatus Aerosystems in City Of Industry, CA received a Paycheck Protection Loan of $6.54M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Alatus Aerosystems' total 2019 payroll expenses were approximately $31.38M in order to qualify for the PPP loan amount received.
Based on their reported 333 jobs retained, this equals an estimated average yearly compensation of $94,243 per employee1.
Business Information - Alatus Aerosystems in City Of Industry, CA
17055 Gale Ave
City Of Industry, CA 91745
Other Aircraft Parts and Auxiliary Equipment Manufacturing (NAICS code 336413)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-32
Similar Companies near City Of Industry
In the City Of Industry area, 2 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 170 employees (compared to this company's 333) and received an average PPP loan of $3,283,638 (compared to this company's $6.54M).
Similar Nearby Businesses Who Received PPP Funding:
Esco Aerospace MFG Inc
La Puente, CA
Industry PPP Comparison Statistics
Nationwide, 841 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $453,528,343.00 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 33 employees, 90% lower than Alatus Aerosystems' reported 333 employees, and received an average PPP loan of $539,273, 92% lower than this company's loan of $6.54M.
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.
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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