PPP Loan Data — International Technical Coatings, Inc., Phoenix, AZ
International Technical Coatings, Inc. is a corporation located at 110 S. 41st Ave in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,909,600.00 in May, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
International Technical Coatings, Inc. received a Paycheck Protection Loan of $2.91M through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.
Based on standard PPP eligibility rules, International Technical Coatings, Inc.'s total 2019 payroll expenses were approximately $13.97M in order to qualify for the PPP loan amount received.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $51,726 per employee1.
Business Information - International Technical Coatings, Inc. in Phoenix, AZ
110 S. 41st Ave
Phoenix, AZ 85009
Other Fabricated Wire Product Manufacturing (NAICS code 332618)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-07
Industry PPP Comparison Statistics
Nationwide, 500 businesses in the "Other Fabricated Wire Product Manufacturing" industry received a total of $174,854,776.00 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 27 employees, 90% lower than International Technical Coatings, Inc.'s reported 270 employees, and received an average PPP loan of $349,710, 88% lower than this company's loan of $2.91M.
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Footnotes & Information
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