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PPP Loan Data — Superior Duct Fabrication, Inc., Pomona, CA

SBA PPP loan data, payroll data, and salaries for Superior Duct Fabrication, Inc.
CA

Superior Duct Fabrication, Inc.

Entity: Subchapter S Corporation

Industry: Sheet Metal Work Manufacturing

Location: Pomona, CA

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Superior Duct Fabrication, Inc. is a subchapter s corporation located at 1683 Mount Vernon Ave in Pomona, California that received a Coronavirus-related PPP loan from the SBA of $4,347,200.00 in April, 2020.

The company has reported itself as a Hispanic owned business, and employed at least 232 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.35M

Jobs Retained:

232

Loan Approved:

2020-04-06

Lender:

AMERICAN BUSINESS BANK

Superior Duct Fabrication, Inc. received a Paycheck Protection Loan of $4.35M through AMERICAN BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Superior Duct Fabrication, Inc.'s total 2019 payroll expenses were approximately $20.87M in order to qualify for the PPP loan amount received.

Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $89,942 per employee1.

Because the loan received by Superior Duct Fabrication, Inc. 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 - Superior Duct Fabrication, Inc. in Pomona, CA

Superior Duct Fabrication, Inc.
1683 Mount Vernon Ave
Pomona, CA 91768

Business Industry

Sheet Metal Work Manufacturing (NAICS code 332322)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-35

Similar Companies near Pomona

In the Pomona area, 4 businesses in the "Sheet Metal Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 232) and received an average PPP loan of $1,247,734 (compared to this company's $4.35M).

Industry PPP Comparison Statistics

Nationwide, 2,639 businesses in the "Sheet Metal Work Manufacturing" industry received a total of $793,668,527.00 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, 91% lower than Superior Duct Fabrication, Inc.'s reported 232 employees, and received an average PPP loan of $300,746, 93% lower than this company's loan of $4.35M.

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.

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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/superior-duct-fabrication-inc-pomona-ca