FederalPay.org
PPP Loan Data — Western Allied Corporation,
Santa Fe Springs, CA
Western Allied Corporation
Entity: Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Santa Fe Springs, CA
Tweet This
•
Search All PPP Data
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 $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #3652638502
Loan Size:
Jobs Retained:
255Loan Approved:
2021-02-24Loan Status:
Ongoing LoanLender:
Pacific Western BankWestern Allied Corporation in Santa Fe Springs, CA received a Paycheck Protection Loan of $2M through Pacific Western Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Western Allied Corporation's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $37,647 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western Allied Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Western Allied Corporation in Santa Fe Springs, CA
12046 Florence Ave
Santa Fe Springs, CA 90670
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 23 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 255) and received an average PPP loan of $657,161 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
So Cool Air Conditioning And Heating
Santa Fe Spgs, CA
Avid Plumbing Contractors
Santa Fe Springs, CA
R & R Ductwork LLC
Santa Fe Springs, CA
Tena HVAC Inc
Santa Fe Springs, CA
California Untd Plumbing
Santa Fe Springs, CA
One Way Rooter And Plumbing
Santa Fe Springs, CA
Scorpio Enterprises
Santa Fe Springs, CA
Comfort Time Heating And Cooling
Whittier, CA
Air Conditioning Mechanical Services Inc
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 96% lower than Western Allied Corporation's reported 255 employees, and received an average PPP loan of $125,397, 94% lower than this company's loan of $2M.
Western Allied Corporation
Entity: Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Santa Fe Springs, CA
Tweet This
•
Search All PPP Data
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 #5268307201
Loan Size:
Jobs Retained:
255Loan Approved:
2020-04-27Loan Status:
Ongoing LoanLender:
Pacific Western BankWestern 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.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Western Allied Corporation's 2019 payroll expenses are estimated to be at least $22.81M.
Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $89,437 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western Allied Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,751,318
Business Information - Western Allied Corporation in Santa Fe Springs, CA
12046 Florence Ave
Santa Fe Springs, CA 90670
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 23 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 255) and received an average PPP loan of $657,161 (compared to this company's $4.75M).
Similar Nearby Businesses Who Received PPP Funding:
So Cool Air Conditioning And Heating
Santa Fe Spgs, CA
Avid Plumbing Contractors
Santa Fe Springs, CA
R & R Ductwork LLC
Santa Fe Springs, CA
Tena HVAC Inc
Santa Fe Springs, CA
California Untd Plumbing
Santa Fe Springs, CA
One Way Rooter And Plumbing
Santa Fe Springs, CA
Scorpio Enterprises
Santa Fe Springs, CA
Comfort Time Heating And Cooling
Whittier, CA
Air Conditioning Mechanical Services Inc
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 96% lower than Western Allied Corporation's reported 255 employees, and received an average PPP loan of $125,397, 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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!