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PPP Loan Data — Ecology Recycling Services LLC,
Cerritos, CA
Ecology Recycling Services LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Support Activities for Transportation
Location: Cerritos, CA
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Ecology Recycling Services LLC is a limited liability company (LLC) located at 14150 Vine Pl in Cerritos, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #4968598602
Loan Size:
Jobs Retained:
223Loan Approved:
2021-03-20Loan Status:
Ongoing LoanLender:
MUFG Union Bank, National AssociationEcology Recycling Services LLC in Cerritos, CA received a Paycheck Protection Loan of $2M through MUFG Union Bank, National Association, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Ecology Recycling Services LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $43,049 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ecology Recycling Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Ecology Recycling Services LLC in Cerritos, CA
14150 Vine Pl
Cerritos, CA 90703
Business Industry:
All Other Support Activities for Transportation
NAICS code 488999
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Ecology Recycling Services LLC.
Superior Lime & Chemical LLC
Other Chemical and Allied Products Merchant Wholesalers
Ecology Gypsum Services, LLC
Gypsum Product Manufacturing
Double D Mining LLC
All Other Nonmetallic Mineral Mining
Similar Companies near Cerritos
In the Cerritos area, 7 businesses in the "All Other Support Activities for Transportation" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 223) and received an average PPP loan of $342,798 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
MAC Logistics, Inc
Cerritos, CA
OPX Logistics, Inc
Cerritos, CA
Samuel Eaton
Cerritos, CA
JJ Auto Trans Inc
Cerritos, CA
MB Transportation Inc
Cerritos, CA
JSL Logistics, Inc
Cerritos, CA
Industry PPP Comparison Statistics
Nationwide, 18,325 businesses in the "All Other Support Activities for Transportation" industry received a total of $756.48M 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 6 employees, 97% lower than Ecology Recycling Services LLC's reported 223 employees, and received an average PPP loan of $41,281, 98% lower than this company's loan of $2M.
Ecology Recycling Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Automotive Parts and Accessories Stores
Location: Cerritos, CA
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Ecology Recycling Services, LLC is a limited liability company (LLC) located at 14150 Vine Place in Cerritos, California that received a Coronavirus-related PPP loan from the SBA of $3,029,982.00 in April, 2020.
$
PPP Loan Information
Loan #8094197208
Loan Size:
Jobs Retained:
246Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
MUFG Union Bank, National AssociationEcology Recycling Services, LLC in Cerritos, CA received a Paycheck Protection Loan of $3.03M through MUFG Union Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Ecology Recycling Services, LLC's 2019 payroll expenses are estimated to be at least $14.54M.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $59,122 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ecology Recycling Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,029,982
Business Information - Ecology Recycling Services, LLC in Cerritos, CA
14150 Vine Place
Cerritos, CA 90703
Business Industry:
Automotive Parts and Accessories Stores
NAICS code 441310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Ecology Recycling Services, LLC.
South State Towing Inc
All Other Automotive Repair and Maintenance
Similar Companies near Cerritos
In the Cerritos area, 3 businesses in the "Automotive Parts and Accessories Stores" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 246) and received an average PPP loan of $1,045,085 (compared to this company's $3.03M).
Similar Nearby Businesses Who Received PPP Funding:
Catalina Golf Cars, Inc
Avalon, CA
R1 Concepts, Inc
Cerritos, CA
Industry PPP Comparison Statistics
Nationwide, 17,766 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $1.19B 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 8 employees, 97% lower than Ecology Recycling Services, LLC's reported 246 employees, and received an average PPP loan of $66,985, 98% lower than this company's loan of $3.03M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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