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PPP Loan Data — Westport Properties, Inc., Irvine, CA

SBA PPP loan data, payroll data, and salaries for Westport Properties, Inc.
CA

Westport Properties, Inc.

Entity: Corporation

Industry: Lessors of Residential Buildings and Dwellings

Location: Irvine, CA

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Westport Properties, Inc. is a corporation located at 2201 Dupont Drive, Suite 700 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $3,770,780.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.77M

Jobs Retained:

326

Loan Approved:

2020-04-27

Lender:

HARVEST SMALL BUSINESS FINANCE, LLC

Westport Properties, Inc. in Irvine, CA received a Paycheck Protection Loan of $3.77M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Westport Properties, Inc.'s total 2019 payroll expenses were approximately $18.1M in order to qualify for the PPP loan amount received.

Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $55,521 per employee1.

Because the loan received by Westport Properties, 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 - Westport Properties, Inc. in Irvine, CA

Westport Properties, Inc.
2201 Dupont Drive, Suite 700
Irvine, CA 92612

Business Industry

Lessors of Residential Buildings and Dwellings (NAICS code 531110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-45

Similar Companies near Irvine

In the Irvine area, 3 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 326) and received an average PPP loan of $1,265,385 (compared to this company's $3.77M).

Industry PPP Comparison Statistics

Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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, 98% lower than Westport Properties, Inc.'s reported 326 employees, and received an average PPP loan of $80,929, 98% lower than this company's loan of $3.77M.

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/westport-properties-inc-irvine-ca