PPP Loan Data — Martinez Steel Corporation, Ontario, CA
Martinez Steel Corporation is a corporation located at 1500 Haven Ave in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $3,268,090.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:BANC OF CALIFORNIA, NATIONAL ASSOCIATION
Martinez Steel Corporation in Ontario, CA received a Paycheck Protection Loan of $3.27M through BANC OF CALIFORNIA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Martinez Steel Corporation's total 2019 payroll expenses were approximately $15.69M in order to qualify for the PPP loan amount received.
Unlike most businesses, Martinez Steel Corporation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Martinez Steel Corporation in Ontario, CA
1500 Haven Ave
Ontario, CA 91761
Rolled Steel Shape Manufacturing (NAICS code 331221)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-35
Industry PPP Comparison Statistics
Nationwide, 365 businesses in the "Rolled Steel Shape Manufacturing" industry received a total of $157,376,636.00 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, and received an average PPP loan of $431,169, 87% lower than this company's loan of $3.27M.
FederalPay's PPP Information Policy
Footnotes & Information
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