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PPP Loan Data — Pacific Systems Interiors Inc,
San Dimas, CA
Pacific Systems Interiors Inc
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: San Dimas, CA
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Pacific Systems Interiors Inc is a subchapter s corporation located at 190 E Arrow Hwy, Unit D in San Dimas, California that received a Coronavirus-related PPP loan from the SBA of $3,839,000.00 in April, 2020.
$
PPP Loan Information
Loan #2279627205
Loan Size:
Jobs Retained:
339Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Citizens Business BankPacific Systems Interiors Inc in San Dimas, CA received a Paycheck Protection Loan of $3.84M through Citizens Business Bank, 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, Pacific Systems Interiors Inc's 2019 payroll expenses are estimated to be at least $18.43M.
Based on their reported 339 jobs retained, this equals an estimated average yearly compensation of $54,358 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Systems Interiors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,839,000
Business Information - Pacific Systems Interiors Inc in San Dimas, CA
190 E Arrow Hwy, Unit D
San Dimas, CA 91773
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Dimas
In the San Dimas area, 19 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 339) and received an average PPP loan of $398,904 (compared to this company's $3.84M).
Similar Nearby Businesses Who Received PPP Funding:
Sinocan Inc
San Dimas, CA
Dopps Construction, Inc
San Dimas, CA
San Dimas Plastering, Inc
San Dimas, CA
RSL Construction Inc
San Dimas, CA
Accurate Construction Company Inc
San Dimas, CA
Lee Forsberg
San Dimas, CA
Alvaro Corona Construction Co., Inc
San Dimas, CA
Lonestar Construction Inc
San Dimas, CA
MR. Carlos Pools Inc
San Dimas, CA
Industry PPP Comparison Statistics
Nationwide, 77,365 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 96% lower than Pacific Systems Interiors Inc's reported 339 employees, and received an average PPP loan of $159,901, 96% lower than this company's loan of $3.84M.
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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