PPP Loan Data — Pool And Electrical Products Inc, Corona, CA
Pool And Electrical Products Inc
Location: Corona, CATweet This • Search All PPP Data
Pool And Electrical Products Inc is a corporation located at 1595 E. 6th St. Suite 101 in Corona, California that received a Coronavirus-related PPP loan from the SBA of $3,251,385.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 281 people during the applicable loan loan period.
$ PPP Loan Information Loan #1831217407
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Pool And Electrical Products Inc in Corona, CA received a Paycheck Protection Loan of $3.25M through Wells Fargo Bank, National Association, which was approved in May, 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, Pool And Electrical Products Inc's 2019 payroll expenses are estimated to be at least $15.61M.
Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $55,540 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pool And Electrical Products Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,251,385
Business Information - Pool And Electrical Products Inc in Corona, CA
1595 E. 6th St. Suite 101
Corona, CA 92860
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
NAICS code 423720
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,243 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $697,924,194.00 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, 94% lower than Pool And Electrical Products Inc's reported 281 employees, and received an average PPP loan of $215,209, 93% lower than this company's loan of $3.25M.
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