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PPP Loan Data — Harbor Electronics, Inc.,
Santa Clara, CA
Harbor Electronics, Inc.
Entity: Subchapter S Corporation
Industry: Other Electronic Component Manufacturing
Location: Santa Clara, CA
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Harbor Electronics, Inc. is a subchapter s corporation located at 3021 Kenneth St in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $2,552,660.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
169Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONHarbor Electronics, Inc. received a Paycheck Protection Loan of $2.55M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Harbor Electronics, Inc.'s total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.
Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $72,502 per employee1.
Business Information - Harbor Electronics, Inc. in Santa Clara, CA
3021 Kenneth St
Santa Clara, CA 95054
Business Industry
Other Electronic Component Manufacturing (NAICS code 334419)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-17Similar Companies near Santa Clara
In the Santa Clara area, 16 businesses in the "Other Electronic Component Manufacturing" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 169) and received an average PPP loan of $497,313 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
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Cirexx International Inc
Santa Clara, CA
HNL Inc.
Santa Clara, CA
Berex, Inc.
Santa Clara, CA
Top Microsystems Corporation
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Kennedy Electronics,Inc
Santa Clara, CA
Soap Tech LLC
Santa Clara, CA
Roambee Corporation
Santa Clara, CA
Liberty Electronic Sourcing, Inc.
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Industry PPP Comparison Statistics
Nationwide, 1,514 businesses in the "Other Electronic Component Manufacturing" industry received a total of $388,003,044.00 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 20 employees, 88% lower than Harbor Electronics, Inc.'s reported 169 employees, and received an average PPP loan of $256,277, 90% lower than this company's loan of $2.55M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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