FederalPay.org
PPP Loan Data — Eteckcity Corporation,
Anaheim, CA
Eteckcity Corporation
Entity: Corporation
Industry: Other Miscellaneous Durable Goods Merchant Wholesalers
Location: Anaheim, CA
Tweet This
•
Search All PPP Data
Eteckcity Corporation is a corporation located at 1202 N Miller St in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $2,571,833.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
67Loan Approved:
2020-04-28Lender:
U.S. BANK, NATIONAL ASSOCIATIONEteckcity Corporation in Anaheim, CA received a Paycheck Protection Loan of $2.57M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 67 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 123.
Based on standard PPP eligibility rules, Eteckcity Corporation's total 2019 payroll expenses were approximately $12.34M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 67 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Eteckcity Corporation in Anaheim, CA
1202 N Miller St
Anaheim, CA 92806
Business Industry
Other Miscellaneous Durable Goods Merchant Wholesalers (NAICS code 423990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-46Similar Companies near Anaheim
In the Anaheim area, 14 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 67) and received an average PPP loan of $277,788 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Burnsmart Inc.
Anaheim, CA
Discount Window And Door, LLC
Anaheim, CA
CNS Aviation Inc
Anaheim, CA
Molina And Associates
Anaheim, CA
Pacific Cemetery Supply LLC
Anaheim, CA
California Cores
Anaheim, CA
Royal Countertops Inc
Anaheim, CA
E-Solution Inc
Anaheim, CA
Foot Zone Plus
Anaheim, CA
Industry PPP Comparison Statistics
Nationwide, 12,909 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1,253,322,545.00 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 8 employees, 88% lower than Eteckcity Corporation's reported 67 employees, and received an average PPP loan of $97,089, 96% lower than this company's loan of $2.57M.
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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!