PPP Loan Data — Contractors Wardrobe Inc, Valencia, CA
Contractors Wardrobe Inc
Location: Valencia, CATweet This • Search All PPP Data
Contractors Wardrobe Inc is a corporation located at 26121 Avenue Hall in Valencia, California that received a Coronavirus-related PPP loan from the SBA of $3,517,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Pacific Western Bank
Contractors Wardrobe Inc in Valencia, CA received a Paycheck Protection Loan of $3.52M through Pacific Western Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Contractors Wardrobe Inc's 2019 payroll expenses are estimated to be at least $16.88M.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $45,018 per employee1
Reported PPP Proceed Usage:
On the PPP application, Contractors Wardrobe Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,517,000
Business Information - Contractors Wardrobe Inc in Valencia, CA
26121 Avenue Hall
Valencia, CA 91355
All Other Miscellaneous Fabricated Metal Product Manufacturing
NAICS code 332999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valencia
In the Valencia area, 16 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 375) and received an average PPP loan of $357,563 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
Stoll Metalcraft Inc
Precision Center Manufacturing Inc
SKM Industries Inc
Gamma Alloys Inc
Acme Metal Finishing
Blizard Industries Inc
Industry PPP Comparison Statistics
Nationwide, 8,434 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.95B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 20 employees, 95% lower than Contractors Wardrobe Inc's reported 375 employees, and received an average PPP loan of $231,549, 93% lower than this company's loan of $3.52M.
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Footnotes & Information
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