PPP Loan Data — Sorenson Engineering, Inc., Yucaipa, CA
Sorenson Engineering, Inc. is a corporation located at 32032 Dunlap Blvd in Yucaipa, California that received a Coronavirus-related PPP loan from the SBA of $3,721,095.00 in April, 2020.
$ PPP Loan Information
Lender:PACIFIC PREMIER BANK
Sorenson Engineering, Inc. received a Paycheck Protection Loan of $3.72M through PACIFIC PREMIER BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sorenson Engineering, Inc.'s total 2019 payroll expenses were approximately $17.86M in order to qualify for the PPP loan amount received.
Based on their reported 404 jobs retained, this equals an estimated average yearly compensation of $44,211 per employee1.
Business Information - Sorenson Engineering, Inc. in Yucaipa, CA
32032 Dunlap Blvd
Yucaipa, CA 92399
Machine Shops (NAICS code 332710)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-08
Similar Companies near Yucaipa
In the Yucaipa area, 2 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 203 employees (compared to this company's 404) and received an average PPP loan of $1,866,000 (compared to this company's $3.72M).
Similar Nearby Businesses Who Received PPP Funding:
Custom Metal Fabrication
Industry PPP Comparison Statistics
Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 97% lower than Sorenson Engineering, Inc.'s reported 404 employees, and received an average PPP loan of $190,904, 95% lower than this company's loan of $3.72M.
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Footnotes & Information
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