PPP Loan Data — Evans & Sutherland Computer Corporation, Salt Lake City, UT
Evans & Sutherland Computer Corporation
Location: Salt Lake City, UTTweet This • Search All PPP Data
Evans & Sutherland Computer Corporation is a corporation located at 770 Komas Dr in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $1,843,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Evans & Sutherland Computer Corporation in Salt Lake City, UT received a Paycheck Protection Loan of $1.84M through Loan Source Incorporated, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Evans & Sutherland Computer Corporation's 2019 payroll expenses are estimated to be at least $8.85M.
Based on their reported 96 jobs retained, this equals an estimated average yearly compensation of $92,190 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evans & Sutherland Computer Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,843,800
Business Information - Evans & Sutherland Computer Corporation in Salt Lake City, UT
770 Komas Dr
Salt Lake City, UT 84108
Photographic and Photocopying Equipment Manufacturing
NAICS code 333316
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 377 businesses in the "Photographic and Photocopying Equipment Manufacturing" industry received a total of $46.66M 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 9 employees, 91% lower than Evans & Sutherland Computer Corporation's reported 96 employees, and received an average PPP loan of $123,770, 93% lower than this company's loan of $1.84M.
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Footnotes & Information
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