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PPP Loan Data — Infinity Energy Inc., Rocklin, CA

SBA PPP loan data, payroll data, and salaries for Infinity Energy Inc.
CA

Infinity Energy Inc.

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Rocklin, CA

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Infinity Energy Inc. is a corporation located at 3855 Atherton Rd in Rocklin, California that received a Coronavirus-related PPP loan from the SBA of $4,444,227.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 449 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.44M

Jobs Retained:

449

Loan Approved:

2020-04-09

Lender:

BANK OF THE WEST

Infinity Energy Inc. received a Paycheck Protection Loan of $4.44M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Infinity Energy Inc.'s total 2019 payroll expenses were approximately $21.33M in order to qualify for the PPP loan amount received.

Based on their reported 449 jobs retained, this equals an estimated average yearly compensation of $47,511 per employee1.

Because the loan received by Infinity Energy 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 - Infinity Energy Inc. in Rocklin, CA

Infinity Energy Inc.
3855 Atherton Rd
Rocklin, CA 95765

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-04

Similar Companies near Rocklin

In the Rocklin area, 14 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 449) and received an average PPP loan of $523,675 (compared to this company's $4.44M).

Industry PPP Comparison Statistics

Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 98% lower than Infinity Energy Inc.'s reported 449 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $4.44M.

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/infinity-energy-inc-rocklin-ca