Vista Metals Corp. in Fontana, CA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Vista Metals Corp., Fontana, CA

Vista Metals Corp.

Entity: Subchapter S Corporation

Industry: Secondary Smelting and Alloying of Aluminum

Location: Fontana, CA

Vista Metals Corp. is a subchapter s corporation located at 13425 Whittram Ave in Fontana, California that received a Coronavirus-related PPP loan from the SBA of $4,476,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.48M

Jobs Retained:

281

Loan Approved:

2020-04-09

Lender:

COMERICA BANK

Vista Metals Corp. in Fontana, CA received a Paycheck Protection Loan of $4.48M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Vista Metals Corp.'s total 2019 payroll expenses were approximately $21.49M in order to qualify for the PPP loan amount received.

Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $76,469 per employee¹.

Because the loan received by Vista Metals Corp. 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 - Vista Metals Corp. in Fontana, CA

Vista Metals Corp.
13425 Whittram Ave
Fontana, CA 92335

Business Industry

Secondary Smelting and Alloying of Aluminum (NAICS code 331314)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-35

Industry PPP Comparison Statistics

Nationwide, 46 businesses in the "Secondary Smelting and Alloying of Aluminum" industry received a total of $38,193,131.00 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 62 employees, 78% lower than Vista Metals Corp.'s reported 281 employees, and received an average PPP loan of $830,285, 81% lower than this company's loan of $4.48M.

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.

Search FederalPay's Full PPP Loan Database

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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