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PPP Loan Data — Calmax Technology, Inc., Santa Clara, CA

SBA PPP loan data, payroll data, and salaries for Calmax Technology, Inc.
CA

Calmax Technology, Inc.

Entity: Corporation

Industry: Machine Shops

Location: Santa Clara, CA

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Calmax Technology, Inc. is a corporation located at 526 Laurelwood Rd in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $3,010,790.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 182 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.01M

Jobs Retained:

182

Loan Approved:

2020-04-08

Lender:

WESTERN ALLIANCE BANK

Calmax Technology, Inc. in Santa Clara, CA received a Paycheck Protection Loan of $3.01M through WESTERN ALLIANCE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Calmax Technology, Inc.'s total 2019 payroll expenses were approximately $14.45M in order to qualify for the PPP loan amount received.

Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $79,405 per employee1.

Because the loan received by Calmax Technology, 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 - Calmax Technology, Inc. in Santa Clara, CA

Calmax Technology, Inc.
526 Laurelwood Rd
Santa Clara, CA 95054

Business Industry

Machine Shops (NAICS code 332710)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-17

Similar Companies near Santa Clara

In the Santa Clara area, 49 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 182) and received an average PPP loan of $258,319 (compared to this company's $3.01M).

Industry PPP Comparison Statistics

Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 92% lower than Calmax Technology, Inc.'s reported 182 employees, and received an average PPP loan of $190,904, 94% lower than this company's loan of $3.01M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/calmax-technology-inc-santa-clara-ca