PPP Loan Data — Westco Iron Works Inc, Livermore, CA
Westco Iron Works Inc is a corporation located at 5828 S Naylor Road in Livermore, California that received a Coronavirus-related PPP loan from the SBA of $3,858,049.00 in April, 2020.
$ PPP Loan Information
Lender:CALIFORNIA BANK OF COMMERCE
Westco Iron Works Inc in Livermore, CA received a Paycheck Protection Loan of $3.86M through CALIFORNIA BANK OF COMMERCE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Westco Iron Works Inc's total 2019 payroll expenses were approximately $18.52M in order to qualify for the PPP loan amount received.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $72,057 per employee1.
Business Information - Westco Iron Works Inc in Livermore, CA
5828 S Naylor Road
Livermore, CA 94551
Structural Steel and Precast Concrete Contractors (NAICS code 238120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-15
Industry PPP Comparison Statistics
Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, 91% lower than Westco Iron Works Inc's reported 257 employees, and received an average PPP loan of $333,066, 91% lower than this company's loan of $3.86M.
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Footnotes & Information
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