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PPP Loan Data — Avcorp Composite Fabrication Inc., Gardena, CA

SBA PPP loan data, payroll data, and salaries for Avcorp Composite Fabrication Inc.
CA

Avcorp Composite Fabrication Inc.

Entity: Corporation

Industry: Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing

Location: Gardena, CA

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Avcorp Composite Fabrication Inc. is a corporation located at 1600 West 135th Street in Gardena, California that received a Coronavirus-related PPP loan from the SBA of $4,123,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.12M

Jobs Retained:

223

Loan Approved:

2020-04-15

Lender:

CITY NATIONAL BANK

Avcorp Composite Fabrication Inc. received a Paycheck Protection Loan of $4.12M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Avcorp Composite Fabrication Inc.'s total 2019 payroll expenses were approximately $19.79M in order to qualify for the PPP loan amount received.

Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $88,748 per employee1.

Because the loan received by Avcorp Composite Fabrication Inc. 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 - Avcorp Composite Fabrication Inc. in Gardena, CA

Avcorp Composite Fabrication Inc.
1600 West 135th Street
Gardena, CA 90249

Business Industry

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (NAICS code 334511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-43

Similar Companies near Gardena

In the Gardena area, 2 businesses in the "Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 223) and received an average PPP loan of $2,329,550 (compared to this company's $4.12M).

Industry PPP Comparison Statistics

Nationwide, 440 businesses in the "Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing" industry received a total of $190,897,230.00 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 26 employees, 88% lower than Avcorp Composite Fabrication Inc.'s reported 223 employees, and received an average PPP loan of $433,857, 89% lower than this company's loan of $4.12M.

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.

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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Source: www.federalpay.org/paycheck-protection-program/avcorp-composite-fabrication-inc-gardena-ca