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PPP Loan Data — Western Allied Corporation, Santa Fe Springs, CA

SBA PPP loan data, payroll data, and salaries for Western Allied Corporation
CA

Western Allied Corporation

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Santa Fe Springs, CA

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Western Allied Corporation is a corporation located at 12046 Florence Ave in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $4,751,318.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.75M

Jobs Retained:

255

Loan Approved:

2020-04-27

Lender:

PACIFIC WESTERN BANK

Western Allied Corporation in Santa Fe Springs, CA received a Paycheck Protection Loan of $4.75M through PACIFIC WESTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Western Allied Corporation's total 2019 payroll expenses were approximately $22.81M in order to qualify for the PPP loan amount received.

Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $89,437 per employee1.

Because the loan received by Western Allied Corporation 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 - Western Allied Corporation in Santa Fe Springs, CA

Western Allied Corporation
12046 Florence Ave
Santa Fe Springs, CA 90670

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-38

Similar Companies near Santa Fe Springs

In the Santa Fe Springs area, 17 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 255) and received an average PPP loan of $639,816 (compared to this company's $4.75M).

Industry PPP Comparison Statistics

Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 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 11 employees, 96% lower than Western Allied Corporation's reported 255 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $4.75M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/western-allied-corporation-santa-fe-springs-ca