PPP Loan Data — Elite Lighting Corp, Commerce, CA
Elite Lighting Corp
Location: Commerce, CATweet This • Search All PPP Data
Elite Lighting Corp is a corporation located at 5424 E. Slauson Ave in Commerce, California that received a Coronavirus-related PPP loan from the SBA of $2,770,800.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF HOPE
Elite Lighting Corp in Commerce, CA received a Paycheck Protection Loan of $2.77M through BANK OF HOPE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Elite Lighting Corp's total 2019 payroll expenses were approximately $13.3M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $61,860 per employee1.
Business Information - Elite Lighting Corp in Commerce, CA
5424 E. Slauson Ave
Commerce, CA 90040
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-40
Similar Companies near Commerce
In the Commerce area, 3 businesses in the "Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 215) and received an average PPP loan of $1,309,436 (compared to this company's $2.77M).
Similar Nearby Businesses Who Received PPP Funding:
Hospitality Works, LLC
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 688 businesses in the "Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing" industry received a total of $189,320,355.00 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 20 employees, 91% lower than Elite Lighting Corp's reported 215 employees, and received an average PPP loan of $275,175, 90% lower than this company's loan of $2.77M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!