PPP Loan Data — Cyberpower Inc., City Of Industry, CA
Cyberpower Inc. is a corporation located at 730 Baldwin Park Blvd in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $2,526,200.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:EAST WEST BANK
Cyberpower Inc. received a Paycheck Protection Loan of $2.53M through EAST WEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cyberpower Inc.'s total 2019 payroll expenses were approximately $12.13M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $48,503 per employee1.
Business Information - Cyberpower Inc. in City Of Industry, CA
730 Baldwin Park Blvd
City Of Industry, CA 91746
Electronic Shopping and Mail-Order Houses (NAICS code 454110)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-32
Similar Companies near City Of Industry
In the City Of Industry area, 6 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 250) and received an average PPP loan of $449,761 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Fuld Enterprise LLC
South El Monte, CA
Oscart Technology LLC
City Of Industry, CA
Lilac Web Holdings, LLC
Hacienda Heights, CA
Eyewear Expo Inc.
City Industry, CA
Pacific Synergy, Inc.
City Industry, CA
Industry PPP Comparison Statistics
Nationwide, 7,082 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $544,486,530.00 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 7 employees, 97% lower than Cyberpower Inc.'s reported 250 employees, and received an average PPP loan of $76,883, 97% lower than this company's loan of $2.53M.
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.
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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