PPP Loan Data — Polatechno Co, LTD, Orem, UT
Polatechno Co, LTD is a corporation located at 452 West 1260 North in Orem, Utah that received a Coronavirus-related PPP loan from the SBA of $3,471,597.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 238 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MUFG UNION BANK, NATIONAL ASSOCIATION
Polatechno Co, LTD received a Paycheck Protection Loan of $3.47M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Polatechno Co, LTD's total 2019 payroll expenses were approximately $16.66M in order to qualify for the PPP loan amount received.
Based on their reported 238 jobs retained, this equals an estimated average yearly compensation of $70,015 per employee1.
Business Information - Polatechno Co, LTD in Orem, UT
452 West 1260 North
Orem, UT 84057
Air and Gas Compressor Manufacturing (NAICS code 333912)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: UT-03
Industry PPP Comparison Statistics
Nationwide, 255 businesses in the "Air and Gas Compressor Manufacturing" industry received a total of $89,678,490.00 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 23 employees, 90% lower than Polatechno Co, LTD's reported 238 employees, and received an average PPP loan of $351,680, 90% lower than this company's loan of $3.47M.
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Footnotes & Information
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