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PPP Loan Data — North American Video Corporation,
Fullerton, CA
North American Video Corporation
Entity: Corporation
Industry: Security Systems Services (except Locksmiths)
Location: Fullerton, CA
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North American Video Corporation is a corporation located at 1335 S. Acacia Ave in Fullerton, California that received a Coronavirus-related PPP loan from the SBA of $2,549,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
163Loan Approved:
2020-04-08Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONNorth American Video Corporation in Fullerton, CA received a Paycheck Protection Loan of $2.55M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, North American Video Corporation's total 2019 payroll expenses were approximately $12.24M in order to qualify for the PPP loan amount received.
Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $75,077 per employee1.
Business Information - North American Video Corporation in Fullerton, CA
1335 S. Acacia Ave
Fullerton, CA 92831
Business Industry
Security Systems Services (except Locksmiths) (NAICS code 561621)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-39Similar Companies near Fullerton
In the Fullerton area, 3 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 163) and received an average PPP loan of $874,185 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
New Electronic World Security Inc
Fullerton, CA
Security Network Inc
Fullerton, CA
Industry PPP Comparison Statistics
Nationwide, 5,289 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $839,803,057.00 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 14 employees, 91% lower than North American Video Corporation's reported 163 employees, and received an average PPP loan of $158,783, 94% lower than this company's loan of $2.55M.
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, and is published unmodified, as provided by the SBA.
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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