PPP Loan Data — National Circuit Breaker, Inc, Santa Fe Springs, CA
National Circuit Breaker, Inc
Location: Santa Fe Springs, CATweet This • Search All PPP Data
National Circuit Breaker, Inc is a corporation located at 13039 Florence Ave in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:MUFG Union Bank, National Association
National Circuit Breaker, Inc in Santa Fe Springs, CA received a Paycheck Protection Loan of $25,000 through MUFG Union Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, National Circuit Breaker, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, National Circuit Breaker, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - National Circuit Breaker, Inc in Santa Fe Springs, CA
13039 Florence Ave
Santa Fe Springs, CA 90670
Switchgear and Switchboard Apparatus Manufacturing
NAICS code 335313
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 3 businesses in the "Switchgear and Switchboard Apparatus Manufacturing" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 5) and received an average PPP loan of $116,462 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Santa Fe Springs, CA
Action Controls And Engineering LLC
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 286 businesses in the "Switchgear and Switchboard Apparatus Manufacturing" industry received a total of $115.31M 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 33 employees, 560% higher than National Circuit Breaker, Inc's reported 5 employees, and received an average PPP loan of $403,168, 1513% higher than this company's loan of $25,000.
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