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PPP Loan Data — Sunwest Electric, Inc,
Anaheim, CA
Sunwest Electric, Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Anaheim, CA
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Sunwest Electric, Inc is a corporation located at 3064 E Miraloma Avenue in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $3,024,202.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
229Loan Approved:
2020-04-29Lender:
BANK OF THE WESTSunwest Electric, Inc in Anaheim, CA received a Paycheck Protection Loan of $3.02M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sunwest Electric, Inc's total 2019 payroll expenses were approximately $14.52M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $63,389 per employee1.
Business Information - Sunwest Electric, Inc in Anaheim, CA
3064 E Miraloma Avenue
Anaheim, CA 92806
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-46Similar Companies near Anaheim
In the Anaheim area, 38 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 229) and received an average PPP loan of $476,090 (compared to this company's $3.02M).
Similar Nearby Businesses Who Received PPP Funding:
Sun Solar Energy Holdings, Inc
Anaheim, CA
Spike Electric, Inc.
Anaheim, CA
Tri Power Electrical Contractors Inc
Anaheim, CA
Reskey Electric Corp
Anaheim, CA
Superior Service, Corp
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Power Pro Electric
Anaheim, CA
Electro Industry, Inc
Anaheim, CA
Chiapuzio Inc
Anaheim, CA
Nazzareno Electric Co Inc
Anaheim, CA
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 95% lower than Sunwest Electric, Inc's reported 229 employees, and received an average PPP loan of $181,171, 94% lower than this company's loan of $3.02M.
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.
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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