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PPP Loan Data — Alatus Aerosystems, City Of Industry, CA

SBA PPP loan data, payroll data, and salaries for Alatus Aerosystems
CA

Alatus Aerosystems

Entity: Corporation

Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing

Location: 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

Loan Size:

$6.54M

Jobs Retained:

333

Loan Approved:

2020-04-12

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.

Because the loan received by Alatus Aerosystems 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 - Alatus Aerosystems in City Of Industry, CA

Alatus Aerosystems
17055 Gale Ave
City Of Industry, CA 91745

Business Industry

Other Aircraft Parts and Auxiliary Equipment Manufacturing (NAICS code 336413)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$29,175 PPP Loan

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.

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/alatus-aerosystems-city-of-industry-ca