PPP Loan Data — Statco Engineering & Fabricators, Inc., Huntington Beach, CA
Statco Engineering & Fabricators, Inc. is a subchapter s corporation located at 7595 Reynolds Circle in Huntington Beach, California that received a Coronavirus-related PPP loan from the SBA of $3,395,774.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Statco Engineering & Fabricators, Inc. received a Paycheck Protection Loan of $3.4M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Statco Engineering & Fabricators, Inc.'s total 2019 payroll expenses were approximately $16.3M in order to qualify for the PPP loan amount received.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $86,242 per employee1.
Business Information - Statco Engineering & Fabricators, Inc. in Huntington Beach, CA
7595 Reynolds Circle
Huntington Beach, CA 92647
Food Product Machinery Manufacturing (NAICS code 333241)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-48
Industry PPP Comparison Statistics
Nationwide, 710 businesses in the "Food Product Machinery Manufacturing" industry received a total of $202,544,701.00 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 21 employees, 89% lower than Statco Engineering & Fabricators, Inc.'s reported 189 employees, and received an average PPP loan of $285,274, 92% lower than this company's loan of $3.4M.
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Footnotes & Information
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