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PPP Loan Data — I Buy Power,
La Puente, CA
I Buy Power
Entity: Corporation
Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
Location: La Puente, CA
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I Buy Power is a corporation located at 529 N. Baldwin Park Blvd in La Puente, California that received a Coronavirus-related PPP loan from the SBA of $4,600,407.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 235 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
235Loan Approved:
2020-04-27Lender:
CATHAY BANKI Buy Power received a Paycheck Protection Loan of $4.6M through CATHAY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, I Buy Power's total 2019 payroll expenses were approximately $22.08M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $93,966 per employee1.
Business Information - I Buy Power in La Puente, CA
529 N. Baldwin Park Blvd
La Puente, CA 91746
Business Industry
Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (NAICS code 423430)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-32Similar Companies near La Puente
In the La Puente area, 10 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 235) and received an average PPP loan of $621,892 (compared to this company's $4.6M).
Similar Nearby Businesses Who Received PPP Funding:
Whizzotech Corp
La Puente, CA
Tricir Technology, Inc.
City Of Industry, CA
MJ Systems, Inc.
City Of Industry, CA
Semsotai USA Inc
City Of Industry, CA
Dealsaday Inc.
City Of Industry, CA
Shuttle Computer Group, Inc.
City Of Industry, CA
Vonnic Inc.
City Of Industry, CA
Pro-Com Products, Inc.
City Of Industry, CA
Industry PPP Comparison Statistics
Nationwide, 2,714 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $530,433,905.00 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 12 employees, 95% lower than I Buy Power's reported 235 employees, and received an average PPP loan of $195,444, 96% lower than this company's loan of $4.6M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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