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PPP Loan Data — Spectra Logic Corporation, Boulder, CO

SBA PPP loan data, payroll data, and salaries for Spectra Logic Corporation
CO

Spectra Logic Corporation

Entity: Corporation

Industry: Computer Terminal and Other Computer Peripheral Equipment Manufacturing

Location: Boulder, CO

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Spectra Logic Corporation is a corporation located at 6285 Lookout Rd in Boulder, Colorado that received a Coronavirus-related PPP loan from the SBA of $6,355,914.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$6.36M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

Spectra Logic Corporation in Boulder, CO received a Paycheck Protection Loan of $6.36M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Spectra Logic Corporation's total 2019 payroll expenses were approximately $30.51M in order to qualify for the PPP loan amount received.

Unlike most businesses, Spectra Logic Corporation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Spectra Logic Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Spectra Logic Corporation in Boulder, CO

Spectra Logic Corporation
6285 Lookout Rd
Boulder, CO 80301

Business Industry

Computer Terminal and Other Computer Peripheral Equipment Manufacturing (NAICS code 334118)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-02

Industry PPP Comparison Statistics

Nationwide, 461 businesses in the "Computer Terminal and Other Computer Peripheral Equipment Manufacturing" industry received a total of $116,665,929.00 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 15 employees, and received an average PPP loan of $253,071, 96% lower than this company's loan of $6.36M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/spectra-logic-corporation-boulder-co