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PPP Loan Data — Ultra-Wall Inc, Anaheim, CA

SBA PPP loan data, payroll data, and salaries for Ultra-Wall Inc
CA

Ultra-Wall Inc

Entity: Corporation

Industry: Drywall and Insulation Contractors

Location: Anaheim, CA

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Ultra-Wall Inc is a corporation located at 2535 W Woodland Dr in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $2,581,495.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

256

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Ultra-Wall Inc in Anaheim, CA received a Paycheck Protection Loan of $2.58M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Ultra-Wall Inc's total 2019 payroll expenses were approximately $12.39M in order to qualify for the PPP loan amount received.

Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $48,403 per employee1.

Because the loan received by Ultra-Wall 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 - Ultra-Wall Inc in Anaheim, CA

Ultra-Wall Inc
2535 W Woodland Dr
Anaheim, CA 92801

Business Industry

Drywall and Insulation Contractors (NAICS code 238310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-46

Similar Companies near Anaheim

In the Anaheim area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 256) and received an average PPP loan of $1,898,498 (compared to this company's $2.58M).

Industry PPP Comparison Statistics

Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, 95% lower than Ultra-Wall Inc's reported 256 employees, and received an average PPP loan of $192,711, 93% lower than this company's loan of $2.58M.

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.

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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/ultra-wall-inc-anaheim-ca