PPP Loan Data — Orange County Erectors Inc, Anaheim, CA
Orange County Erectors Inc
Entity: Subchapter S Corporation
Location: Anaheim, CATweet This • Search All PPP Data
Orange County Erectors Inc is a subchapter s corporation located at 517 E. La Palma Ave. in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $2,626,443.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least 131 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Orange County Erectors Inc in Anaheim, CA received a Paycheck Protection Loan of $2.63M through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, Orange County Erectors Inc's 2019 payroll expenses are estimated to be at least $12.61M.
Based on their reported 131 jobs retained, this equals an estimated average yearly compensation of $96,236 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orange County Erectors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,626,443
Business Information - Orange County Erectors Inc in Anaheim, CA
517 E. La Palma Ave.
Anaheim, CA 92801
Prefabricated Metal Building and Component Manufacturing
NAICS code 332311
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,362 businesses in the "Prefabricated Metal Building and Component Manufacturing" industry received a total of $310.57M 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 21 employees, 84% lower than Orange County Erectors Inc's reported 131 employees, and received an average PPP loan of $228,025, 91% lower than this company's loan of $2.63M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!