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PPP Loan Data — Premier Tech Inc, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Premier Tech Inc
UT

Premier Tech Inc

Entity: Corporation

Industry: Plastics Plumbing Fixture Manufacturing

Location: Salt Lake City, UT

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Premier Tech Inc is a corporation located at 1881 West North Temple in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,920,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.92M

Jobs Retained:

218

Loan Approved:

2020-04-27

Lender:

COMERICA BANK

Premier Tech Inc received a Paycheck Protection Loan of $2.92M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Premier Tech Inc's total 2019 payroll expenses were approximately $14.02M in order to qualify for the PPP loan amount received.

Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $64,298 per employee1.

Because the loan received by Premier Tech Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Premier Tech Inc in Salt Lake City, UT

Premier Tech Inc
1881 West North Temple
Salt Lake City, UT 84116

Business Industry

Plastics Plumbing Fixture Manufacturing (NAICS code 326191)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: UT-02

Industry PPP Comparison Statistics

Nationwide, 188 businesses in the "Plastics Plumbing Fixture Manufacturing" industry received a total of $53,820,521.00 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 25 employees, 89% lower than Premier Tech Inc's reported 218 employees, and received an average PPP loan of $286,279, 90% lower than this company's loan of $2.92M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/premier-tech-inc-salt-lake-city-ut