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PPP Loan Data — Premier Tech Inc,
Salt Lake City, 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:
Jobs Retained:
218Loan Approved:
2020-04-27Lender:
COMERICA BANKPremier 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.
Business Information - Premier Tech Inc in Salt Lake City, UT
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-02Industry 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.
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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