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PPP Loan Data — Lantech Design Inc,
Pleasant Hill, CA
Lantech Design Inc
Entity: Subchapter S Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: Pleasant Hill, CA
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Lantech Design Inc is a subchapter s corporation located at Po Box 23825 in Pleasant Hill, California that received a Coronavirus-related PPP loan from the SBA of $87,175.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
10Loan Approved:
2020-04-28Lender:
WESTAMERICA BANKLantech Design Inc received a Paycheck Protection Loan of $87,175 through WESTAMERICA BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Lantech Design Inc's total 2019 payroll expenses were approximately $418,440 in order to qualify for the PPP loan amount received.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $41,844 per employee1.
Business Information - Lantech Design Inc in Pleasant Hill, CA
Po Box 23825
Pleasant Hill, CA 94523
Business Industry
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-11Similar Companies near Pleasant Hill
In the Pleasant Hill area, 18 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 10) and received an average PPP loan of $341,500 (compared to this company's $87,175).
Similar Nearby Businesses Who Received PPP Funding:
California Electrical Design Inc
Pleasant Hill, CA
KHA Creation, LLC
Pleasant Hill, CA
AE Design
Pleasant Hill, CA
Sherri Wuestenberg
Pleasant Hill, CA
Grossi Group Inc.
Pleasant Hill, CA
Mark Scott Construction, Inc.
Pleasant Hill, CA
Julie Jones, Ergonomics Consultin
Pleasant Hill, CA
Taveren, Inc.
Pleasant Hill, CA
William Andrew Lindsaystewart
Pleasant Hill, CA
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 40% lower than Lantech Design Inc's reported 10 employees, and received an average PPP loan of $74,488, 15% lower than this company's loan of $87,175.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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