Corporation HME Hospitality & Specialty Commcns Inc in Carlsbad, CA - SBA PPP Loan Data (Paycheck Protection Program)
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PPP Loan Data — HME Hospitality & Specialty Commcns Inc, Carlsbad, CA

SBA PPP loan data, payroll data, and salaries for HME Hospitality & Specialty Commcns Inc
CA

HME Hospitality & Specialty Commcns Inc

Entity: Corporation

Industry: Other Communications Equipment Manufacturing

Location: Carlsbad, CA

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HME Hospitality & Specialty Commcns Inc is a corporation located at 2848 Whiptail Loop in Carlsbad, California that received a Coronavirus-related PPP loan from the SBA of $3,071,667.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.07M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-13

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

HME Hospitality & Specialty Commcns Inc in Carlsbad, CA received a Paycheck Protection Loan of $3.07M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, HME Hospitality & Specialty Commcns Inc's total 2019 payroll expenses were approximately $14.74M in order to qualify for the PPP loan amount received.

Unlike most businesses, HME Hospitality & Specialty Commcns Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by HME Hospitality & Specialty Commcns 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 - HME Hospitality & Specialty Commcns Inc in Carlsbad, CA

HME Hospitality & Specialty Commcns Inc
2848 Whiptail Loop
Carlsbad, CA 92010

Business Industry

Other Communications Equipment Manufacturing (NAICS code 334290)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-49

Industry PPP Comparison Statistics

Nationwide, 496 businesses in the "Other Communications Equipment Manufacturing" industry received a total of $159,944,530.00 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 18 employees, and received an average PPP loan of $322,469, 90% lower than this company's loan of $3.07M.

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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Source: www.federalpay.org/paycheck-protection-program/hme-hospitality-and-specialty-commcns-inc-carlsbad-ca