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PPP Loan Data — California Hydronics Corporation Esop,
Hayward, CA
California Hydronics Corporation Esop
Entity: Corporation
Industry: Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
Location: Hayward, CA
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California Hydronics Corporation Esop is a corporation located at 2293 Tripaldi Way in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $2,479,393.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
154Loan Approved:
2020-04-27Lender:
MUFG UNION BANK, NATIONAL ASSOCIATIONCalifornia Hydronics Corporation Esop in Hayward, CA received a Paycheck Protection Loan of $2.48M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, California Hydronics Corporation Esop's total 2019 payroll expenses were approximately $11.9M in order to qualify for the PPP loan amount received.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $77,280 per employee1.
Business Information - California Hydronics Corporation Esop in Hayward, CA
2293 Tripaldi Way
Hayward, CA 94545
Business Industry
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-15Similar Companies near Hayward
In the Hayward area, 4 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 154) and received an average PPP loan of $776,648 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Plumbing Products Group, Inc.
Hayward, CA
Dawn Kitchen & Bath Products, Inc
Hayward, CA
Harcro Sales LTD
Hayward, CA
Industry PPP Comparison Statistics
Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 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 16 employees, 90% lower than California Hydronics Corporation Esop's reported 154 employees, and received an average PPP loan of $247,578, 90% lower than this company's loan of $2.48M.
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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