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PPP Loan Data — Wyatt Technology Corporation,
Goleta, CA
Wyatt Technology Corporation
Entity: Corporation
Industry: Other Commercial and Service Industry Machinery Manufacturing
Location: Goleta, CA
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Wyatt Technology Corporation is a corporation located at 6330 Hollister Ave in Goleta, California that received a Coronavirus-related PPP loan from the SBA of $2,694,055.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
141Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONWyatt Technology Corporation in Goleta, CA received a Paycheck Protection Loan of $2.69M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wyatt Technology Corporation's total 2019 payroll expenses were approximately $12.93M in order to qualify for the PPP loan amount received.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $91,713 per employee1.
Business Information - Wyatt Technology Corporation in Goleta, CA
6330 Hollister Ave
Goleta, CA 93117
Business Industry
Other Commercial and Service Industry Machinery Manufacturing (NAICS code 333318)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-24Similar Companies near Goleta
In the Goleta area, 2 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 141) and received an average PPP loan of $1,368,233 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
Viscola, Inc.
Goleta, CA
Industry PPP Comparison Statistics
Nationwide, 1,622 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a total of $379,610,557.00 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 16 employees, 89% lower than Wyatt Technology Corporation's reported 141 employees, and received an average PPP loan of $234,039, 91% lower than this company's loan of $2.69M.
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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