PPP Loan Data — Hayward Quartz Technology, Inc., Fremont, CA
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
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.
Business Information - Hayward Quartz Technology, Inc. in Fremont, CA
1700 Corporate Way
Fremont, CA 94539
Machine Shops (NAICS code 332710)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
KA Precision Inc
Ascenx Technologies, Inc.
Sharp Dimension Inc.
All-Tech Machine & Engineering Inc
AJ Solutions Machining
JN Machine Company Inc.
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.
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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