PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Gorilla Circuits, San Jose, CA

SBA PPP loan data, payroll data, and salaries for Gorilla Circuits
CA

Gorilla Circuits

Entity: Subchapter S Corporation

Industry: Bare Printed Circuit Board Manufacturing

Location: San Jose, CA

Search All PPP Data

Gorilla Circuits is a subchapter s corporation located at 1445 Oakland Rd in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $3,702,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.7M

Jobs Retained:

286

Loan Approved:

2020-04-07

Lender:

WESTERN ALLIANCE BANK

Gorilla Circuits in San Jose, CA received a Paycheck Protection Loan of $3.7M through WESTERN ALLIANCE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gorilla Circuits' total 2019 payroll expenses were approximately $17.77M in order to qualify for the PPP loan amount received.

Based on their reported 286 jobs retained, this equals an estimated average yearly compensation of $62,140 per employee1.

Because the loan received by Gorilla Circuits is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Gorilla Circuits in San Jose, CA

Gorilla Circuits
1445 Oakland Rd
San Jose, CA 95112

Business Industry

Bare Printed Circuit Board Manufacturing (NAICS code 334412)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-17

Similar Companies near San Jose

In the San Jose area, 2 businesses in the "Bare Printed Circuit Board Manufacturing" industry received a PPP loan. These local businesses reported an average of 144 employees (compared to this company's 286) and received an average PPP loan of $1,853,895 (compared to this company's $3.7M).

Similar Nearby Businesses Who Received PPP Funding:

Johnnix
San Jose, CA

$5,289 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 186 businesses in the "Bare Printed Circuit Board Manufacturing" industry received a total of $81,927,007.00 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 35 employees, 88% lower than Gorilla Circuits' reported 286 employees, and received an average PPP loan of $440,468, 88% lower than this company's loan of $3.7M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gorilla-circuits-san-jose-ca