PPP Loan Data — Peak Alarm Company Inc., Salt Lake City, UT
Peak Alarm Company Inc. is a corporation located at 1534 S. Gladiola St in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,437,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CIBC BANK USA
Peak Alarm Company Inc. received a Paycheck Protection Loan of $2.44M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Peak Alarm Company Inc.'s total 2019 payroll expenses were approximately $11.7M 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 $46,790 per employee1.
Business Information - Peak Alarm Company Inc. in Salt Lake City, UT
1534 S. Gladiola St
Salt Lake City, UT 84104
Security Systems Services (except Locksmiths) (NAICS code 561621)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: UT-02
Similar Companies near Salt Lake City
In the Salt Lake City area, 2 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 250) and received an average PPP loan of $1,325,885 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
Salt Lake City, UT
Industry PPP Comparison Statistics
Nationwide, 5,289 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $839,803,057.00 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 14 employees, 94% lower than Peak Alarm Company Inc.'s reported 250 employees, and received an average PPP loan of $158,783, 93% lower than this company's loan of $2.44M.
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Footnotes & Information
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