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PPP Loan Data — Westco Iron Works Inc, Livermore, CA

SBA PPP loan data, payroll data, and salaries for Westco Iron Works Inc

Westco Iron Works Inc

Entity: Corporation

Industry: Structural Steel and Precast Concrete Contractors

Location: Livermore, CA

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Westco Iron Works Inc 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 - Westco Iron Works Inc in Livermore, CA

Westco Iron Works Inc
5828 S Naylor Road
Livermore, CA 94551

Business Industry

Structural Steel and Precast Concrete Contractors (NAICS code 238120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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.

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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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** This Document Provided By - The Civil Employee's Resource **