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PPP Loan Data — Sierra Engineering Group, A Prof. Corp, Fremont, CA

SBA PPP loan data, payroll data, and salaries for Sierra Engineering Group, A Prof. Corp
CA

Sierra Engineering Group, A Prof. Corp

Entity: Corporation

Industry: All Other Support Services

Location: Fremont, CA

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Sierra Engineering Group, A Prof. Corp is a corporation located at 39812 Mission Blvd Ste 100 in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $108,641.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$108,641

Jobs Retained:

7

Loan Approved:

2020-05-02

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Sierra Engineering Group, A Prof. Corp received a Paycheck Protection Loan of $108,641 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Sierra Engineering Group, A Prof. Corp's total 2019 payroll expenses were approximately $521,477 in order to qualify for the PPP loan amount received.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $74,497 per employee1.

Business Information - Sierra Engineering Group, A Prof. Corp in Fremont, CA

Sierra Engineering Group, A Prof. Corp
39812 Mission Blvd Ste 100
Fremont, CA 94539

Business Industry

All Other Support Services (NAICS code 561990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-17

Similar Companies near Fremont

In the Fremont area, 24 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 7) and received an average PPP loan of $413,063 (compared to this company's $108,641).

Industry PPP Comparison Statistics

Nationwide, 26,446 businesses in the "All Other Support Services" industry received a total of $1,388,180,245.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 14% lower than Sierra Engineering Group, A Prof. Corp's reported 7 employees, and received an average PPP loan of $52,491, 52% lower than this company's loan of $108,641.

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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Source: www.federalpay.org/paycheck-protection-program/sierra-engineering-group-a-prof-corp-fremont-ca