PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hughes Circuits, Inc., San Marcos, CA

SBA PPP loan data, payroll data, and salaries for Hughes Circuits, Inc.
CA

Hughes Circuits, Inc.

Entity: Corporation

Industry: Printed Circuit Assembly (Electronic Assembly) Manufacturing

Location: San Marcos, CA

Search All PPP Data

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:

$2.96M

Jobs Retained:

230

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Hughes 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.

Because the loan received by Hughes Circuits, 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 - Hughes Circuits, Inc. in San Marcos, CA

Hughes Circuits, Inc.
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-50

Similar 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

$15,720 PPP Loan

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hughes-circuits-inc-san-marcos-ca