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PPP Loan Data — Ecology Recycling Services, LLC,
Cerritos, CA
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 Size:
Jobs Retained:
246Loan Approved:
2020-04-28Lender:
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.
Based on standard PPP eligibility rules, Ecology Recycling Services, LLC's total 2019 payroll expenses were approximately $14.54M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $59,122 per employee1.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-38Similar 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, 11,618 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $952,726,641.00 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 9 employees, 96% lower than Ecology Recycling Services, LLC's reported 246 employees, and received an average PPP loan of $82,004, 97% 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, 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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