PPP Loan Data — Plasma Technology Inc, Torrance, CA
Plasma Technology Inc
Industry: Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
Location: Torrance, CATweet This • Search All PPP Data
Plasma Technology Inc is a corporation located at 1754 Crenshaw Blvd in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $2,417,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Business Bank
Plasma Technology Inc in Torrance, CA received a Paycheck Protection Loan of $2.42M through Citizens Business Bank, which was approved in April, 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, Plasma Technology Inc's 2019 payroll expenses are estimated to be at least $11.6M.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $70,741 per employee1
Reported PPP Proceed Usage:
On the PPP application, Plasma Technology Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,417,000
Business Information - Plasma Technology Inc in Torrance, CA
1754 Crenshaw Blvd
Torrance, CA 90501
Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
NAICS code 332812
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,572 businesses in the "Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers" industry received a total of $431.73M 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 17 employees, 90% lower than Plasma Technology Inc's reported 164 employees, and received an average PPP loan of $167,859, 93% lower than this company's loan of $2.42M.
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Footnotes & Information
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