PPP Loan Data — US Cad Holdings LLC, Irvine, CA
US Cad Holdings LLC is a limited liability company (LLC) located at 18831 Bardeen Ave. #200 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $2,708,900.00 in April, 2020.
$ PPP Loan Information
Lender:PACIFIC MERCANTILE BANK
US Cad Holdings LLC received a Paycheck Protection Loan of $2.71M through PACIFIC MERCANTILE BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 112 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 130.
Based on standard PPP eligibility rules, US Cad Holdings LLC's total 2019 payroll expenses were approximately $13M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 112 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - US Cad Holdings LLC in Irvine, CA
18831 Bardeen Ave. #200
Irvine, CA 92612
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: CA-45
Similar Companies near Irvine
In the Irvine area, 18 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 112) and received an average PPP loan of $333,639 (compared to this company's $2.71M).
Similar Nearby Businesses Who Received PPP Funding:
MR2 Solutions Inc
Genea Energy Partners, Inc.
ICL Systems Inc
Vital Document Solutions Inc.
Balanced It, LLC
Tugboat Software Inc
Mango Ventures LLC
Cybermack Enterprises, Inc.
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 91% lower than US Cad Holdings LLC's reported 112 employees, and received an average PPP loan of $181,408, 93% lower than this company's loan of $2.71M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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