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PPP Loan Data — Northland Control Systems, Inc.,
Milpitas, CA
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 Size:
Jobs Retained:
167Loan Approved:
2020-04-15Lender:
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.
Based on standard PPP eligibility rules, Northland Control Systems, Inc.'s total 2019 payroll expenses were approximately $16.12M in order to qualify for the PPP loan amount received.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $96,553 per employee1.
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 / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-17Similar Companies near Milpitas
In the Milpitas area, 7 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 167) and received an average PPP loan of $567,481 (compared to this company's $3.36M).
Similar Nearby Businesses Who Received PPP Funding:
Redline Enterprises, Inc.
Milpitas, CA
JMX Electric Inc
Milpitas, CA
R Cortez & Sons Electric, Inc.
Milpitas, CA
Milpitas Electric Inc
Milpitas, CA
N N Electric, Inc
Milpitas, CA
4 Point Power, Inc.
Milpitas, CA
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 93% lower than Northland Control Systems, Inc.'s reported 167 employees, and received an average PPP loan of $181,171, 95% 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, 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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