PPP Loan Data — Watg Holdings, Inc, Irvine, CA
Watg Holdings, Inc is a corporation located at 300 Spectrum Center Dr 500 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $4,289,800.00 in April, 2020.
$ PPP Loan Information
Lender:AMERICAN SAVINGS BANK, FSB
Watg Holdings, Inc in Irvine, CA received a Paycheck Protection Loan of $4.29M through AMERICAN SAVINGS BANK, FSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Watg Holdings, Inc's total 2019 payroll expenses were approximately $20.59M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $82,364 per employee1.
Business Information - Watg Holdings, Inc in Irvine, CA
300 Spectrum Center Dr 500
Irvine, CA 92618
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-45
Similar Companies near Irvine
In the Irvine area, 21 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 250) and received an average PPP loan of $1,053,477 (compared to this company's $4.29M).
Similar Nearby Businesses Who Received PPP Funding:
Streshinsky Architectural Corporation
David R. Olson Architects Inc.
Circa Domini International, Inc
GAA Architects, Inc.
Jallali Architectural Inc.
Timeless Architecture, Inc.
Industry PPP Comparison Statistics
Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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 8 employees, 97% lower than Watg Holdings, Inc's reported 250 employees, and received an average PPP loan of $149,750, 97% lower than this company's loan of $4.29M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!