PPP Loan Data — Simco Electronics, Santa Clara, CA
Location: Santa Clara, CATweet This • Search All PPP Data
Simco Electronics is a corporation located at 3131 Jay St in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $5,786,800.00 in April, 2020.
$ PPP Loan Information
Simco Electronics received a Paycheck Protection Loan of $5.79M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Simco Electronics' total 2019 payroll expenses were approximately $27.78M in order to qualify for the PPP loan amount received.
Based on their reported 344 jobs retained, this equals an estimated average yearly compensation of $80,746 per employee1.
Business Information - Simco Electronics in Santa Clara, CA
3131 Jay St
Santa Clara, CA 95054
Other Electronic and Precision Equipment Repair and Maintenance (NAICS code 811219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-17
Similar Companies near Santa Clara
In the Santa Clara area, 3 businesses in the "Other Electronic and Precision Equipment Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 344) and received an average PPP loan of $1,983,301 (compared to this company's $5.79M).
Similar Nearby Businesses Who Received PPP Funding:
Bay Area Data Supply Inc.
Santa Clara, CA
Artacho Enterprises Inc
Santa Clara, CA
Industry PPP Comparison Statistics
Nationwide, 2,660 businesses in the "Other Electronic and Precision Equipment Repair and Maintenance" industry received a total of $269,151,895.00 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 8 employees, 98% lower than Simco Electronics' reported 344 employees, and received an average PPP loan of $101,185, 98% lower than this company's loan of $5.79M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!