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PPP Loan Data — STI Certified Electronics Inc,
Fremont, CA
STI Certified Electronics Inc
Entity: Corporation
Industry: Other Electronic Parts and Equipment Merchant Wholesalers
Location: Fremont, CA
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STI Certified Electronics Inc is a corporation located at 42964 Osgood Rd in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $78,407.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #6603518302
Loan Size:
Jobs Retained:
5Loan Approved:
2021-01-27Loan Status:
Ongoing LoanLender:
East West BankSTI Certified Electronics Inc in Fremont, CA received a Paycheck Protection Loan of $78,407 through East West Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, STI Certified Electronics Inc's 2019 payroll expenses are estimated to be at least $376,354.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $75,271 per employee1
Reported PPP Proceed Usage:
On the PPP application, STI Certified Electronics Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $78,405
- Utilities: $1
Business Information - STI Certified Electronics Inc in Fremont, CA
42964 Osgood Rd
Fremont, CA 94539
Business Industry:
Other Electronic Parts and Equipment Merchant Wholesalers
NAICS code 423690
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fremont
In the Fremont area, 28 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 5) and received an average PPP loan of $154,798 (compared to this company's $78,407).
Similar Nearby Businesses Who Received PPP Funding:
Lextec Components Inc
Fremont, CA
B&B Machining LLC
Fremont, CA
Niles Electronics Inc
Fremont, CA
Braemac CA LLC
Fremont, CA
Velox Resources, Inc
Fremont, CA
Greenstone (USA) Inc
Fremont, CA
Hesse Mechatronics Inc
Fremont, CA
Inpact Inc
Fremont, CA
STI Certified Products Inc
Fremont, CA
Industry PPP Comparison Statistics
Nationwide, 4,737 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a total of $611.87M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 120% higher than STI Certified Electronics Inc's reported 5 employees, and received an average PPP loan of $129,169, 65% higher than this company's loan of $78,407.
STI Certified Electronics Inc
Entity: Corporation
Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
Location: Fremont, CA
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STI Certified Electronics Inc is a corporation located at 42964 Osgood Rd in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $78,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #7514207005
Loan Size:
Jobs Retained:
5Loan Approved:
2020-04-07Loan Status:
Paid in Full or ForgivenLender:
East West BankSTI Certified Electronics Inc in Fremont, CA received a Paycheck Protection Loan of $78,400 through East West Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, STI Certified Electronics Inc's 2019 payroll expenses are estimated to be at least $376,320.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $75,264 per employee1
Reported PPP Proceed Usage:
On the PPP application, STI Certified Electronics Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $78,400
Business Information - STI Certified Electronics Inc in Fremont, CA
42964 Osgood Rd
Fremont, CA 94539
Business Industry:
Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
NAICS code 423430
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fremont
In the Fremont area, 42 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 5) and received an average PPP loan of $478,173 (compared to this company's $78,400).
Similar Nearby Businesses Who Received PPP Funding:
Mega Micro Devices Inc
Fremont, CA
Tyan Computer Corporation
Fremont, CA
Nxrev
Fremont, CA
ASI Computer Technologies Inc
Fremont, CA
Sanho Corporation
Fremont, CA
Nitya Software Solutions, Inc
Fremont, CA
STI Certified Products Inc
Fremont, CA
Exxact Corporation
Fremont, CA
Mvation Worldwide Inc
Fremont, CA
Industry PPP Comparison Statistics
Nationwide, 4,420 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $692.18M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 140% higher than STI Certified Electronics Inc's reported 5 employees, and received an average PPP loan of $156,601, 100% higher than this company's loan of $78,400.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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