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PPP Loan Data — Pacific Hydrotech Corporation, Perris, CA

SBA PPP loan data, payroll data, and salaries for Pacific Hydrotech Corporation
CA

Pacific Hydrotech Corporation

Entity: Corporation

Industry: Water and Sewer Line and Related Structures Construction

Location: Perris, CA

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Pacific Hydrotech Corporation is a corporation located at 314 E. 3rd St in Perris, California that received a Coronavirus-related PPP loan from the SBA of $3,678,200.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.68M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

AMERICAN BUSINESS BANK

Pacific Hydrotech Corporation received a Paycheck Protection Loan of $3.68M through AMERICAN BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pacific Hydrotech Corporation's total 2019 payroll expenses were approximately $17.66M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $70,621 per employee1.

Because the loan received by Pacific Hydrotech Corporation 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 - Pacific Hydrotech Corporation in Perris, CA

Pacific Hydrotech Corporation
314 E. 3rd St
Perris, CA 92570

Business Industry

Water and Sewer Line and Related Structures Construction (NAICS code 237110)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-41

Similar Companies near Perris

In the Perris area, 3 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 250) and received an average PPP loan of $1,420,207 (compared to this company's $3.68M).

Industry PPP Comparison Statistics

Nationwide, 5,092 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1,334,037,195.00 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 17 employees, 93% lower than Pacific Hydrotech Corporation's reported 250 employees, and received an average PPP loan of $261,987, 93% lower than this company's loan of $3.68M.

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.

Search FederalPay's Full PPP Loan Database

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/pacific-hydrotech-corporation-perris-ca