PPP Loan Data — Hawthorne Machinery Co., San Diego, CA
Hawthorne Machinery Co.
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Hawthorne Machinery Co. is a corporation located at 16945 Camino San Bernardo in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $8,083,800.00 in April, 2020.
$ PPP Loan Information
Hawthorne Machinery Co. in San Diego, CA received a Paycheck Protection Loan of $8.08M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hawthorne Machinery Co.'s total 2019 payroll expenses were approximately $38.8M in order to qualify for the PPP loan amount received.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $79,350 per employee1.
Business Information - Hawthorne Machinery Co. in San Diego, CA
16945 Camino San Bernardo
San Diego, CA 92127
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-52
Industry PPP Comparison Statistics
Nationwide, 1,830 businesses in the "Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers" industry received a total of $454,516,744.00 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 15 employees, 97% lower than Hawthorne Machinery Co.'s reported 489 employees, and received an average PPP loan of $248,370, 97% lower than this company's loan of $8.08M.
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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