PPP Loan Data — Maury Microwave, Inc, Ontario, CA
Maury Microwave, Inc is a corporation located at 2900 Inland Empire Blvd in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $1,600,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Maury Microwave, Inc in Ontario, CA received a Paycheck Protection Loan of $1.6M through Sunwest Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Maury Microwave, Inc's 2019 payroll expenses are estimated to be at least $7.68M.
Based on their reported 111 jobs retained, this equals an estimated average yearly compensation of $69,189 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maury Microwave, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,600,000
Business Information - Maury Microwave, Inc in Ontario, CA
2900 Inland Empire Blvd
Ontario, CA 91764
Other Electronic Component Manufacturing
NAICS code 334419
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ontario
In the Ontario area, 3 businesses in the "Other Electronic Component Manufacturing" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 111) and received an average PPP loan of $690,051 (compared to this company's $1.6M).
Similar Nearby Businesses Who Received PPP Funding:
DM Lighting Technologies, Inc
Hisonic International Inc
Industry PPP Comparison Statistics
Nationwide, 2,139 businesses in the "Other Electronic Component Manufacturing" industry received a total of $500.97M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 21 employees, 81% lower than Maury Microwave, Inc's reported 111 employees, and received an average PPP loan of $234,207, 85% lower than this company's loan of $1.6M.
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Footnotes & Information
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