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PPP Loan Data — American Precision Dicing Inc, San Jose, CA

ALERT: There are 2 PPP loans for a total of $94,685 in our database for businesses with the name "American Precision Dicing Inc" in San Jose, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for American Precision Dicing Inc
CA

American Precision Dicing Inc

Entity: Corporation

Industry: Semiconductor and Related Device Manufacturing

Location: San Jose, CA

Search All PPP Data

American Precision Dicing Inc is a corporation located at 642 Giguere Ct in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $51,240.00 in March, 2021.

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

$ PPP Loan Information
Loan #5558028510

Loan Size:

$51,240

Jobs Retained:

7

Loan Approved:

2021-03-01

Loan Status:

Ongoing Loan

Lender:

City National Bank

American Precision Dicing Inc in San Jose, CA received a Paycheck Protection Loan of $51,240 through City National Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, American Precision Dicing Inc's 2019 payroll expenses are estimated to be at least $245,952.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $35,136 per employee1

Reported PPP Proceed Usage:

On the PPP application, American Precision Dicing Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $51,240

Business Information - American Precision Dicing Inc in San Jose, CA

American Precision Dicing Inc
642 Giguere Ct
San Jose, CA 95133

Business Industry:
Semiconductor and Related Device Manufacturing
NAICS code 334413

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Santa Clara County, CA — SBA Office 0912 — Congressional District: CA-17

Similar Companies near San Jose

In the San Jose area, 10 businesses in the "Semiconductor and Related Device Manufacturing" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 7) and received an average PPP loan of $303,154 (compared to this company's $51,240).

Industry PPP Comparison Statistics

Nationwide, 1,044 businesses in the "Semiconductor and Related Device Manufacturing" industry received a total of $333.48M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 22 employees, 214% higher than American Precision Dicing Inc's reported 7 employees, and received an average PPP loan of $319,427, 523% higher than this company's loan of $51,240.

SBA PPP loan data, payroll data, and salaries for American Precision Dicing, Inc
CA

American Precision Dicing, Inc

Entity: Corporation

Industry: Semiconductor and Related Device Manufacturing

Location: San Jose, CA

Search All PPP Data

American Precision Dicing, Inc is a corporation located at 642 Giguere Ct in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $43,445.00 in April, 2020.

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

$ PPP Loan Information
Loan #4059097307

Loan Size:

$43,445

Jobs Retained:

5

Loan Approved:

2020-04-29

Loan Status:

Ongoing Loan

Lender:

City National Bank

American Precision Dicing, Inc in San Jose, CA received a Paycheck Protection Loan of $43,445 through City National Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, American Precision Dicing, Inc's 2019 payroll expenses are estimated to be at least $208,536.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $41,707 per employee1

Reported PPP Proceed Usage:

On the PPP application, American Precision Dicing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $43,445

Business Information - American Precision Dicing, Inc in San Jose, CA

American Precision Dicing, Inc
642 Giguere Ct
San Jose, CA 95133

Business Industry:
Semiconductor and Related Device Manufacturing
NAICS code 334413

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Santa Clara County, CA — SBA Office 0912 — Congressional District: CA-17

Similar Companies near San Jose

In the San Jose area, 10 businesses in the "Semiconductor and Related Device Manufacturing" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 5) and received an average PPP loan of $303,154 (compared to this company's $43,445).

Industry PPP Comparison Statistics

Nationwide, 1,044 businesses in the "Semiconductor and Related Device Manufacturing" industry received a total of $333.48M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 22 employees, 340% higher than American Precision Dicing, Inc's reported 5 employees, and received an average PPP loan of $319,427, 635% higher than this company's loan of $43,445.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/american-precision-dicing-inc-san-jose-ca