PPP Loan Data — California Hydronics Corporation Esop, Hayward, CA
California Hydronics Corporation Esop
Location: Hayward, CATweet This • Search All PPP Data
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
Lender:MUFG UNION BANK, NATIONAL ASSOCIATION
California 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
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-15
Similar 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.
Dawn Kitchen & Bath Products, Inc
Harcro Sales LTD
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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