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PPP Loan Data — Westport Properties, Inc.,
Irvine, 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:
Jobs Retained:
326Loan Approved:
2020-04-27Lender:
HARVEST SMALL BUSINESS FINANCE, LLCWestport 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.
Business Information - Westport Properties, Inc. in Irvine, CA
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-45Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Ddlng Corp
Irvine, CA
Chosen Garden Inc.
Irvine, CA
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.
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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