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PPP Loan Data — Hirsch Pipe & Supply Co., Inc., San Juan Capistrano, CA

SBA PPP loan data, payroll data, and salaries for Hirsch Pipe & Supply Co., Inc.
CA

Hirsch Pipe & Supply Co., Inc.

Entity: Corporation

Industry: Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers

Location: San Juan Capistrano, CA

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Hirsch Pipe & Supply Co., Inc. is a corporation located at 31920 Del Obispo St in San Juan Capistrano, California that received a Coronavirus-related PPP loan from the SBA of $4,770,865.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 313 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.77M

Jobs Retained:

313

Loan Approved:

2020-04-16

Lender:

EAST WEST BANK

Hirsch Pipe & Supply Co., Inc. in San Juan Capistrano, CA received a Paycheck Protection Loan of $4.77M through EAST WEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hirsch Pipe & Supply Co., Inc.'s total 2019 payroll expenses were approximately $22.9M in order to qualify for the PPP loan amount received.

Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $73,163 per employee1.

Because the loan received by Hirsch Pipe & Supply Co., 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 - Hirsch Pipe & Supply Co., Inc. in San Juan Capistrano, CA

Hirsch Pipe & Supply Co., Inc.
31920 Del Obispo St
San Juan Capistrano, CA 92675

Business Industry

Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-49

Similar Companies near San Juan Capistrano

In the San Juan Capistrano area, 2 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 157 employees (compared to this company's 313) and received an average PPP loan of $2,403,036 (compared to this company's $4.77M).

Similar Nearby Businesses Who Received PPP Funding:

Onsite Pro Inc
Silverado, CA

$35,207 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 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 16 employees, 95% lower than Hirsch Pipe & Supply Co., Inc.'s reported 313 employees, and received an average PPP loan of $247,578, 95% lower than this company's loan of $4.77M.

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/hirsch-pipe-and-supply-co-inc-san-juan-capistrano-ca