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PPP Loan Data — Northland Control Systems Inc,
Milpitas, CA
Northland Control Systems Inc
Entity: Corporation
Industry: All Other Specialty Trade Contractors
Location: Milpitas, CA
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Northland Control Systems Inc is a corporation located at 1533 California Cir in Milpitas, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 152 people during the applicable loan loan period.
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PPP Loan Information
Loan #2773728507
Loan Size:
Jobs Retained:
152Loan Approved:
2021-02-22Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationNorthland Control Systems Inc in Milpitas, CA received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Northland Control Systems Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $63,158 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northland Control Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Northland Control Systems Inc in Milpitas, CA
1533 California Cir
Milpitas, CA 95035
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Milpitas
In the Milpitas area, 9 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 152) and received an average PPP loan of $343,229 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Roberto Correa
Milpitas, CA
Balch Petroleum Contractors And Builders Inc
Milpitas, CA
Bella Construction And Structural Inc
Milpitas, CA
Hatifi General Installation, Inc
Milpitas, CA
Allied Aire Service Inc
Milpitas, CA
Bella Construction & Structural Inc
Milpitas, CA
Balch Petroleum Contractors &
Milpitas, CA
Hung D Duong
Milpitas, CA
Industry PPP Comparison Statistics
Nationwide, 92,275 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 95% lower than Northland Control Systems Inc's reported 152 employees, and received an average PPP loan of $86,934, 96% lower than this company's loan of $2M.
Northland Control Systems, Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Milpitas, CA
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Northland Control Systems, Inc is a corporation located at 1533 California Circle in Milpitas, California that received a Coronavirus-related PPP loan from the SBA of $3,359,232.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 167 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1491497206
Loan Size:
Jobs Retained:
167Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationNorthland Control Systems, Inc in Milpitas, CA received a Paycheck Protection Loan of $3.36M through Bank of America, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Northland Control Systems, Inc's 2019 payroll expenses are estimated to be at least $16.12M.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $96,553 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northland Control Systems, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,359,232
Business Information - Northland Control Systems, Inc in Milpitas, CA
1533 California Circle
Milpitas, CA 95035
Business Industry:
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Milpitas
In the Milpitas area, 14 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 167) and received an average PPP loan of $316,735 (compared to this company's $3.36M).
Similar Nearby Businesses Who Received PPP Funding:
JMX Electric Inc
Milpitas, CA
N N Electric, Inc
Milpitas, CA
Communication Network Resource Inc
Milpitas, CA
South Bay Communications Inc
Milpitas, CA
4 Point Power Inc
Milpitas, CA
Milpitas Electric Inc
Milpitas, CA
Redline Enterprises Inc
Milpitas, CA
Jose Devares
Milpitas, CA
Industry PPP Comparison Statistics
Nationwide, 81,495 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.75B 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 11 employees, 93% lower than Northland Control Systems, Inc's reported 167 employees, and received an average PPP loan of $144,173, 96% lower than this company's loan of $3.36M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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