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PPP Loan Data — Romero's Engineering Inc DBA American Turnkey Fabricators, Rancho Cucamonga, CA

SBA PPP loan data, payroll data, and salaries for Romero's Engineering Inc DBA American Turnkey Fabricators
CA

Romero's Engineering Inc DBA American Turnkey Fabricators

Entity: Corporation

Industry: Engineering Services

Location: Rancho Cucamonga, CA

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Romero's Engineering Inc DBA American Turnkey Fabricators is a corporation located at 9175 Milliken Ave in Rancho Cucamonga, California that received a Coronavirus-related PPP loan from the SBA of $850,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$850,000

Jobs Retained:

71

Loan Approved:

2020-04-15

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Romero's Engineering Inc DBA American Turnkey Fabricators received a Paycheck Protection Loan of $850,000 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Romero's Engineering Inc DBA American Turnkey Fabricators' total 2019 payroll expenses were approximately $4.08M in order to qualify for the PPP loan amount received.

Based on their reported 71 jobs retained, this equals an estimated average yearly compensation of $57,465 per employee1.

Business Information - Romero's Engineering Inc DBA American Turnkey Fabricators in Rancho Cucamonga, CA

Romero's Engineering Inc DBA American Turnkey Fabricators
9175 Milliken Ave
Rancho Cucamonga, CA 91730

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-31

Similar Companies near Rancho Cucamonga

In the Rancho Cucamonga area, 12 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 71) and received an average PPP loan of $581,909 (compared to this company's $850,000).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 80% lower than Romero's Engineering Inc DBA American Turnkey Fabricators' reported 71 employees, and received an average PPP loan of $249,856, 71% lower than this company's loan of $850,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/romeros-engineering-inc-dba-american-turnkey-fabricators-rancho-cucamonga-ca