PPP Loan Data — Feit Electric Company, Inc, Pico Rivera, CA
Feit Electric Company, Inc
Location: Pico Rivera, CATweet This • Search All PPP Data
Feit Electric Company, Inc is a corporation located at 4901 Gregg Rd in Pico Rivera, California that received a Coronavirus-related PPP loan from the SBA of $2,979,230.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:BANC OF CALIFORNIA, NATIONAL ASSOCIATION
Feit Electric Company, Inc in Pico Rivera, CA received a Paycheck Protection Loan of $2.98M through BANC OF CALIFORNIA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Feit Electric Company, Inc's total 2019 payroll expenses were approximately $14.3M in order to qualify for the PPP loan amount received.
Unlike most businesses, Feit Electric Company, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Feit Electric Company, Inc in Pico Rivera, CA
4901 Gregg Rd
Pico Rivera, CA 90660
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-38
Industry PPP Comparison Statistics
Nationwide, 1,375 businesses in the "Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers" industry received a total of $231,529,764.00 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 13 employees, and received an average PPP loan of $168,385, 94% lower than this company's loan of $2.98M.
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Footnotes & Information
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