PPP Loan Data — HL Welding Inc, National City, CA
HL Welding Inc
Entity: Subchapter S Corporation
Location: National City, CATweet This • Search All PPP Data
HL Welding Inc is a subchapter s corporation located at 2434 Southport Way, Suite L in National City, California that received a Coronavirus-related PPP loan from the SBA of $2,940,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 304 people during the applicable loan loan period.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
HL Welding Inc received a Paycheck Protection Loan of $2.94M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, HL Welding Inc's total 2019 payroll expenses were approximately $14.11M in order to qualify for the PPP loan amount received.
Based on their reported 304 jobs retained, this equals an estimated average yearly compensation of $46,429 per employee1.
Business Information - HL Welding Inc in National City, CA
2434 Southport Way, Suite L
National City, CA 91950
Other Foundation, Structure, and Building Exterior Contractors (NAICS code 238190)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-51
Similar Companies near National City
In the National City area, 2 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a PPP loan. These local businesses reported an average of 154 employees (compared to this company's 304) and received an average PPP loan of $1,475,618 (compared to this company's $2.94M).
Similar Nearby Businesses Who Received PPP Funding:
National City, CA
Industry PPP Comparison Statistics
Nationwide, 4,963 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $534,047,117.00 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 9 employees, 97% lower than HL Welding Inc's reported 304 employees, and received an average PPP loan of $107,606, 96% lower than this company's loan of $2.94M.
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