PPP Loan Data — Varedan Technologies, LLC, Torrance, CA
Varedan Technologies, LLC is a limited liability company (LLC) located at 3860 Del Amo Blvd in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $167,395.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least twelve people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Varedan Technologies, LLC received a Paycheck Protection Loan of $167,395 through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Varedan Technologies, LLC's total 2019 payroll expenses were approximately $803,496 in order to qualify for the PPP loan amount received.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $66,958 per employee1.
Business Information - Varedan Technologies, LLC in Torrance, CA
3860 Del Amo Blvd
Torrance, CA 90503
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-33
Similar Companies near Torrance
In the Torrance area, 18 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 12) and received an average PPP loan of $381,609 (compared to this company's $167,395).
Similar Nearby Businesses Who Received PPP Funding:
Trick Concepts Inc.
Jauvtis Engineering Inc
DCA Civil Engineering Group
Divergent Technologies Inc
M S Structural Engineering Inc
Momentum Engineering Corp., A California Corporation
Mark Lee Richards DBA Structure Six
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 17% higher than Varedan Technologies, LLC's reported 12 employees, and received an average PPP loan of $249,856, 49% higher than this company's loan of $167,395.
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. 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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