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PPP Loan Data — Harbor Pipe & Steel, Inc,
Riverside, CA
Harbor Pipe & Steel, Inc
Entity: Subchapter S Corporation
Industry: Metal Service Centers and Other Metal Merchant Wholesalers
Location: Riverside, CA
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Harbor Pipe & Steel, Inc is a subchapter s corporation located at 1495 Columbia Ave Bldg #10 in Riverside, California that received a Coronavirus-related PPP loan from the SBA of $2,941,642.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
221Loan Approved:
2020-05-07Lender:
BANK OF THE WESTHarbor Pipe & Steel, Inc received a Paycheck Protection Loan of $2.94M through BANK OF THE WEST, which was approved in May, 2020.
Based on standard PPP eligibility rules, Harbor Pipe & Steel, Inc's total 2019 payroll expenses were approximately $14.12M in order to qualify for the PPP loan amount received.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $63,891 per employee1.
Business Information - Harbor Pipe & Steel, Inc in Riverside, CA
1495 Columbia Ave Bldg #10
Riverside, CA 92507
Business Industry
Metal Service Centers and Other Metal Merchant Wholesalers (NAICS code 423510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-41Similar Companies near Riverside
In the Riverside area, 3 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 221) and received an average PPP loan of $1,016,040 (compared to this company's $2.94M).
Similar Nearby Businesses Who Received PPP Funding:
Western Cable And Components Inc
Riverside, CA
Riverside Ornamental Supply, Inc.
Riverside, CA
Industry PPP Comparison Statistics
Nationwide, 2,691 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $697,432,843.00 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 18 employees, 92% lower than Harbor Pipe & Steel, Inc's reported 221 employees, and received an average PPP loan of $259,172, 91% lower than this company's loan of $2.94M.
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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