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PPP Loan Data — Hughes Circuits, Inc.,
San Marcos, CA
Hughes Circuits, Inc.
Entity: Corporation
Industry: Printed Circuit Assembly (Electronic Assembly) Manufacturing
Location: San Marcos, CA
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Hughes Circuits, Inc. is a corporation located at 546 South Pacific Street in San Marcos, California that received a Coronavirus-related PPP loan from the SBA of $2,956,192.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 230 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
230Loan Approved:
2020-04-15Lender:
U.S. BANK, NATIONAL ASSOCIATIONHughes Circuits, Inc. in San Marcos, CA received a Paycheck Protection Loan of $2.96M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hughes Circuits, Inc.'s total 2019 payroll expenses were approximately $14.19M in order to qualify for the PPP loan amount received.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $61,694 per employee1.
Business Information - Hughes Circuits, Inc. in San Marcos, CA
546 South Pacific Street
San Marcos, CA 92078
Business Industry
Printed Circuit Assembly (Electronic Assembly) Manufacturing (NAICS code 334418)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-50Similar Companies near San Marcos
In the San Marcos area, 2 businesses in the "Printed Circuit Assembly (Electronic Assembly) Manufacturing" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 230) and received an average PPP loan of $1,485,956 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Mini Micro Stencil, Inc.
San Marcos, CA
Industry PPP Comparison Statistics
Nationwide, 480 businesses in the "Printed Circuit Assembly (Electronic Assembly) Manufacturing" industry received a total of $202,524,322.00 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 33 employees, 86% lower than Hughes Circuits, Inc.'s reported 230 employees, and received an average PPP loan of $421,926, 86% lower than this company's loan of $2.96M.
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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