PPP Loan Data — Amwest Funding Corp, Brea, CA
Amwest Funding Corp is a corporation located at 6 Pointe Dr Suite 300 in Brea, California that received a Coronavirus-related PPP loan from the SBA of $3,707,700.00 in April, 2020.
$ PPP Loan Information
Lender:US METRO BANK
Amwest Funding Corp received a Paycheck Protection Loan of $3.71M through US METRO BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Amwest Funding Corp's total 2019 payroll expenses were approximately $17.8M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $82,393 per employee1.
Business Information - Amwest Funding Corp in Brea, CA
6 Pointe Dr Suite 300
Brea, CA 92821
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-39
Industry PPP Comparison Statistics
Nationwide, 1,706 businesses in the "Real Estate Credit" industry received a total of $570,275,600.00 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 21 employees, 90% lower than Amwest Funding Corp's reported 216 employees, and received an average PPP loan of $334,276, 91% lower than this company's loan of $3.71M.
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.
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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