PPP Loan Data — Sanko Gosei Technologies USA Inc, Fort Wayne, IN
Sanko Gosei Technologies USA Inc is a corporation located at 6509 Moeller Rd in Fort Wayne, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,728,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sanko Gosei Technologies USA Inc in Fort Wayne, IN received a Paycheck Protection Loan of $1.73M through Premier Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Sanko Gosei Technologies USA Inc's 2019 payroll expenses are estimated to be at least $8.29M.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $35,909 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sanko Gosei Technologies USA Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,728,100
Business Information - Sanko Gosei Technologies USA Inc in Fort Wayne, IN
6509 Moeller Rd
Fort Wayne, IN 46806
All Other Plastics Product Manufacturing
NAICS code 326199
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fort Wayne
In the Fort Wayne area, 2 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 163 employees (compared to this company's 231) and received an average PPP loan of $1,365,718 (compared to this company's $1.73M).
Similar Nearby Businesses Who Received PPP Funding:
APR Allen Plastics Repair Inc
Fort Wayne, IN
Industry PPP Comparison Statistics
Nationwide, 5,013 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 34 employees, 85% lower than Sanko Gosei Technologies USA Inc's reported 231 employees, and received an average PPP loan of $333,733, 81% lower than this company's loan of $1.73M.
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Footnotes & Information
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