PPP Loan Data — Forrest Machining Inc., Valencia, CA
Forrest Machining Inc.
Location: Valencia, CATweet This • Search All PPP Data
Forrest Machining Inc. is a corporation located at 27756 Avenue Mentry in Valencia, California that received a Coronavirus-related PPP loan from the SBA of $3,115,460.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 232 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MERCHANTS BANK OF COMMERCE
Forrest Machining Inc. in Valencia, CA received a Paycheck Protection Loan of $3.12M through MERCHANTS BANK OF COMMERCE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Forrest Machining Inc.'s total 2019 payroll expenses were approximately $14.95M in order to qualify for the PPP loan amount received.
Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $64,458 per employee1.
Business Information - Forrest Machining Inc. in Valencia, CA
27756 Avenue Mentry
Valencia, CA 91355
Other Aircraft Parts and Auxiliary Equipment Manufacturing (NAICS code 336413)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-25
Similar Companies near Valencia
In the Valencia area, 9 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 232) and received an average PPP loan of $497,502 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
Fortner Accessory Service Corporation
Lean Manufacturing Group, LLC
Sun Air Parts, Inc.
Precision Center Manufacturing Inc
Aircraft Hinge Inc
Romi Industries, Inc.
Aerospace Manufacturing, Inc.
Industry PPP Comparison Statistics
Nationwide, 841 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $453,528,343.00 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 33 employees, 86% lower than Forrest Machining Inc.'s reported 232 employees, and received an average PPP loan of $539,273, 83% lower than this company's loan of $3.12M.
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