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PPP Loan Data — Hayward Quartz Technology, Inc., Fremont, CA

SBA PPP loan data, payroll data, and salaries for Hayward Quartz Technology, Inc.
CA

Hayward Quartz Technology, Inc.

Entity: Corporation

Industry: Machine Shops

Location: Fremont, CA

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Hayward Quartz Technology, Inc. is a corporation located at 1700 Corporate Way in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $2,551,690.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 211 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

211

Loan Approved:

2020-04-29

Lender:

CATHAY BANK

Hayward Quartz Technology, Inc. in Fremont, CA received a Paycheck Protection Loan of $2.55M through CATHAY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hayward Quartz Technology, Inc.'s total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.

Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $58,048 per employee1.

Because the loan received by Hayward Quartz Technology, Inc. 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 - Hayward Quartz Technology, Inc. in Fremont, CA

Hayward Quartz Technology, Inc.
1700 Corporate Way
Fremont, CA 94539

Business Industry

Machine Shops (NAICS code 332710)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-17

Similar Companies near Fremont

In the Fremont area, 21 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 211) and received an average PPP loan of $386,804 (compared to this company's $2.55M).

Industry PPP Comparison Statistics

Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 93% lower than Hayward Quartz Technology, Inc.'s reported 211 employees, and received an average PPP loan of $190,904, 93% 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, 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hayward-quartz-technology-inc-fremont-ca