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PPP Loan Data — Rocket Ems, Inc., Santa Clara, CA

SBA PPP loan data, payroll data, and salaries for Rocket Ems, Inc.
CA

Rocket Ems, Inc.

Entity: Subchapter S Corporation

Industry: Printed Circuit Assembly (Electronic Assembly) Manufacturing

Location: Santa Clara, CA

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Rocket Ems, Inc. is a subchapter s corporation located at 2950 Patrick Henry Drive in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $2,866,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.87M

Jobs Retained:

220

Loan Approved:

2020-04-10

Lender:

GULF COAST BANK AND TRUST COMPANY

Rocket Ems, Inc. in Santa Clara, CA received a Paycheck Protection Loan of $2.87M through GULF COAST BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Rocket Ems, Inc.'s total 2019 payroll expenses were approximately $13.76M in order to qualify for the PPP loan amount received.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $62,535 per employee1.

Because the loan received by Rocket Ems, 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 - Rocket Ems, Inc. in Santa Clara, CA

Rocket Ems, Inc.
2950 Patrick Henry Drive
Santa Clara, CA 95054

Business Industry

Printed Circuit Assembly (Electronic Assembly) Manufacturing (NAICS code 334418)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-17

Similar Companies near Santa Clara

In the Santa Clara area, 5 businesses in the "Printed Circuit Assembly (Electronic Assembly) Manufacturing" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 220) and received an average PPP loan of $668,625 (compared to this company's $2.87M).

Industry PPP Comparison Statistics

Nationwide, 480 businesses in the "Printed Circuit Assembly (Electronic Assembly) Manufacturing" industry received a total of $202,524,322.00 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, 85% lower than Rocket Ems, Inc.'s reported 220 employees, and received an average PPP loan of $421,926, 85% lower than this company's loan of $2.87M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/rocket-ems-inc-santa-clara-ca