PPP Loan Data — Spectrum Laboratory Products Inc, Gardena, CA
Spectrum Laboratory Products Inc
Location: Gardena, CATweet This • Search All PPP Data
Spectrum Laboratory Products Inc is a corporation located at 14422 S San Pedro St in Gardena, California that received a Coronavirus-related PPP loan from the SBA of $3,068,145.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Spectrum Laboratory Products Inc in Gardena, CA received a Paycheck Protection Loan of $3.07M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Spectrum Laboratory Products Inc's total 2019 payroll expenses were approximately $14.73M in order to qualify for the PPP loan amount received.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $62,936 per employee1.
Business Information - Spectrum Laboratory Products Inc in Gardena, CA
14422 S San Pedro St
Gardena, CA 90248
Other Chemical and Allied Products Merchant Wholesalers (NAICS code 424690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-44
Similar Companies near Gardena
In the Gardena area, 3 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 234) and received an average PPP loan of $1,093,757 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
Durachem Group, Inc.
Industry PPP Comparison Statistics
Nationwide, 2,140 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a total of $406,941,257.00 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 12 employees, 95% lower than Spectrum Laboratory Products Inc's reported 234 employees, and received an average PPP loan of $190,159, 94% lower than this company's loan of $3.07M.
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