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PPP Loan Data — Gorilla Circuits,
San Jose, CA
Gorilla Circuits
Entity: Subchapter S Corporation
Industry: Bare Printed Circuit Board Manufacturing
Location: San Jose, CA
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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:
Jobs Retained:
286Loan Approved:
2020-04-07Lender:
WESTERN ALLIANCE BANKGorilla 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.
Business Information - Gorilla Circuits in San Jose, CA
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-17Similar 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
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.
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.
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