PPP Loan Data — Prime Wheel, Gardena, CA
Prime Wheel is a corporation located at 17705 S. Main St. in Gardena, California that received a Coronavirus-related PPP loan from the SBA of $7,067,900.00 in April, 2020.
$ PPP Loan Information
Lender:MUFG UNION BANK, NATIONAL ASSOCIATION
Prime Wheel received a Paycheck Protection Loan of $7.07M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Prime Wheel's total 2019 payroll expenses were approximately $33.93M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $67,852 per employee1.
Business Information - Prime Wheel in Gardena, CA
17705 S. Main St.
Gardena, CA 90248
Other Motor Vehicle Parts Manufacturing (NAICS code 336390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-44
Similar Companies near Gardena
In the Gardena area, 3 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a PPP loan. These local businesses reported an average of 172 employees (compared to this company's 500) and received an average PPP loan of $2,416,696 (compared to this company's $7.07M).
Similar Nearby Businesses Who Received PPP Funding:
Angelus Plating Works
3-D Polymers A Corp
Industry PPP Comparison Statistics
Nationwide, 1,012 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a total of $430,804,983.00 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 33 employees, 93% lower than Prime Wheel's reported 500 employees, and received an average PPP loan of $425,697, 94% lower than this company's loan of $7.07M.
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Footnotes & Information
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