PPP Loan Data — Vector Resources, Inc., Torrance, CA
Vector Resources, Inc.
Location: Torrance, CATweet This • Search All PPP Data
Vector Resources, Inc. is a corporation located at 20917 Higgins Ct in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $5,322,000.00 in April, 2020.
$ PPP Loan Information
Lender:CITIZENS BUSINESS BANK
Vector Resources, Inc. in Torrance, CA received a Paycheck Protection Loan of $5.32M through CITIZENS BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vector Resources, Inc.'s total 2019 payroll expenses were approximately $25.55M in order to qualify for the PPP loan amount received.
Based on their reported 302 jobs retained, this equals an estimated average yearly compensation of $84,588 per employee1.
Business Information - Vector Resources, Inc. in Torrance, CA
20917 Higgins Ct
Torrance, CA 90501
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-43
Similar Companies near Torrance
In the Torrance area, 12 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 302) and received an average PPP loan of $658,136 (compared to this company's $5.32M).
Similar Nearby Businesses Who Received PPP Funding:
Audio Video Guy Inc.
Blackdog Electrical Systems Inc
Sun Elect. Inc
Cornell Electric Corp0Ration
CLE Electric, Inc.
Energy Service Partners Inc
Fielding Electric, Inc.
DPT Electric Inc
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, 96% lower than Vector Resources, Inc.'s reported 302 employees, and received an average PPP loan of $181,171, 97% lower than this company's loan of $5.32M.
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