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PPP Loan Data — Mizuho Orthopedic Systems, Inc., Union City, CA

SBA PPP loan data, payroll data, and salaries for Mizuho Orthopedic Systems, Inc.
CA

Mizuho Orthopedic Systems, Inc.

Entity: Corporation

Industry: Surgical and Medical Instrument Manufacturing

Location: Union City, CA

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Mizuho Orthopedic Systems, Inc. is a corporation located at 30031 Ahern Ave. in Union City, California that received a Coronavirus-related PPP loan from the SBA of $7,712,495.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.71M

Jobs Retained:

415

Loan Approved:

2020-04-30

Lender:

BANK OF THE WEST

Mizuho Orthopedic Systems, Inc. received a Paycheck Protection Loan of $7.71M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mizuho Orthopedic Systems, Inc.'s total 2019 payroll expenses were approximately $37.02M in order to qualify for the PPP loan amount received.

Based on their reported 415 jobs retained, this equals an estimated average yearly compensation of $89,205 per employee1.

Because the loan received by Mizuho Orthopedic Systems, 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 - Mizuho Orthopedic Systems, Inc. in Union City, CA

Mizuho Orthopedic Systems, Inc.
30031 Ahern Ave.
Union City, CA 94587

Business Industry

Surgical and Medical Instrument Manufacturing (NAICS code 339112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-15

Similar Companies near Union City

In the Union City area, 3 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a PPP loan. These local businesses reported an average of 160 employees (compared to this company's 415) and received an average PPP loan of $3,003,826 (compared to this company's $7.71M).

Industry PPP Comparison Statistics

Nationwide, 2,193 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $649,163,907.00 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 18 employees, 96% lower than Mizuho Orthopedic Systems, Inc.'s reported 415 employees, and received an average PPP loan of $296,016, 96% lower than this company's loan of $7.71M.

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.

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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/mizuho-orthopedic-systems-inc-union-city-ca