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PPP Loan Data — Overland Computer Service Co., Culver City, CA

SBA PPP loan data, payroll data, and salaries for Overland Computer Service Co.
CA

Overland Computer Service Co.

Entity: Partnership

Industry: Computer and Office Machine Repair and Maintenance

Location: Culver City, CA

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Overland Computer Service Co. is a partnership located at 5150 Overland Ave in Culver City, California that received a Coronavirus-related PPP loan from the SBA of $4,467,815.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.47M

Jobs Retained:

494

Loan Approved:

2020-04-28

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Overland Computer Service Co. in Culver City, CA received a Paycheck Protection Loan of $4.47M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Overland Computer Service Co.'s total 2019 payroll expenses were approximately $21.45M in order to qualify for the PPP loan amount received.

Based on their reported 494 jobs retained, this equals an estimated average yearly compensation of $43,412 per employee1.

Because the loan received by Overland Computer Service Co. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Overland Computer Service Co. in Culver City, CA

Overland Computer Service Co.
5150 Overland Ave
Culver City, CA 90230

Business Industry

Computer and Office Machine Repair and Maintenance (NAICS code 811212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-37

Industry PPP Comparison Statistics

Nationwide, 3,540 businesses in the "Computer and Office Machine Repair and Maintenance" industry received a total of $187,744,961.00 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 5 employees, 99% lower than Overland Computer Service Co.'s reported 494 employees, and received an average PPP loan of $53,035, 99% lower than this company's loan of $4.47M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/overland-computer-service-co-culver-city-ca