How Big is Your Favorite Lighting Company?

2020 08 ppp loans.jpg
 

PPP Business Loans Reveal U.S. Employee Headcount for Some of Your Favorite Lighting Manufacturers

 

Earlier this year, the U.S. government implemented the Paycheck Protection Program (PPP) authorizing the U.S. Small Business Administration (SBA) to back forgivable bank loans to eligible U.S. businesses in an effort to save jobs amidst the Coronavirus slow-downs and shut downs.  The companies that received PPP funds are listed on the SBA website. 

Receiving PPP funds was a necessary and smart move by many companies to help preserve jobs and maintain cash flow.  Generally speaking, the calculated loan amounts were 2.5x the monthly payroll, not to exceed $100,000 per employee.  According to SBA data, over 650,000 such loans were granted.

 

Paycheck Protection Program Loan Eligibility

Small business concerns affected by Coronavirus (COVID-19) that meets SBA’s size standards could apply for the loan.  For the category "Electric Lighting Fixture Manufacturing" the cutoff is 500 or fewer employees.

Other factors that may affect eligibility:

  1. The maximum tangible net worth of the applicant is not more than $15,000,000; and
  2. The average net income after Federal income taxes (excluding any carry-over losses) of the applicant for the 2 full fiscal years before the date of the application is not more than $5,000,000.

 

Assessing the Headcount Numbers

The numbers cited are self-reported by the company.  The SBA published this data along with the size of the loan (by range) and the lending institution.  If you want to dig deeper into a certain company's data, it's available on the sba.gov website.  

Extracting revenue estimates from headcount stats is not easy.  There is no universal rule of thumb.  The missing key variable, Revenue per Employee, varies greatly throughout the industry.  Evaluating businesses by employee headcount is not the same as ranking by revenue, although headcounts do give us a window of indicators that help us gauge relative size.  Items that can impact Revenue per Employee include:

In-house vs. Third Party Manufacturing:  If a company's products are manufactured by contract manufacturers, the absence of factory workers on the payroll will likely make that company's revenue per employee metric greater than another company that employs dozens of US-based factory workers.

Maturity of company:  A younger company still hiring new positions would likely have lower revenue per employee compared to adequately staffed and producing mature companies.

Overseas headquarters:  Some companies are US operations with an overseas (or Canadian) headquarters.  (i.e. Targetti, WE-EF, Lumenwerx, ERCO and iGuzzini)

Some lighting companies like Ecosense, LF Illumination, Nulite and Legion Lighting received PPP funds, but their employee headcounts were not included in SBA data.

 

Business  Location Jobs Reported
ACCLAIM LIGHTING LLC COMMERCE, CA 19
ADURA LED SOLUTIONS LLC CORONA, CA 18
ALEDDRA INC RENTON, WA 10
ALTMAN STAGE LIGHTING CO.,  YONKERS, NY 71
ARTEMIDE INC. Hicksville, NY 21
ATLANTIC LIGHTING, INC. FALL RIVER, MA 460
AVI-ON LABS INC PARK CITY, UT 10
BARRON LIGHTING GROUP, INC. GLENDALE, AZ 101
BARTCO LIGHTING, INC. HUNTINGTON BEACH, CA 63
BASE LITE CORPORATION CHINO, CA 42
BEGA NORTH AMERICA, INC. CARPINTERIA, CA 160
BEGHELLI INC. Miramar, FL 39
B-K LIGHTING INC MADERA, CA 116
BOCA FLASHER, INC. DEERFIELD BEACH, FL 42
BOYD LIGHTING FIXTURE COMPANY SAUSALITO, CA 33
CAMMAN INDUSTRIES INC DERRY, PA 38
CORDELIA LIGHTING INC. COMPTON, CA 31
DESIGNPLAN LIGHTING, INC. FRENCHTOWN, NJ 23
DMF, INC. Carson, CA 92
ECLIPSE LIGHTING, INC. SCHILLER PARK, IL 36
EIKO GLOBAL LLC Shawnee, KS 89
ELECTRIX, LLC NEW HAVEN, CT 38
ELITE LIGHTING CORP COMMERCE, CA 215
ENERGY FOCUS, INC. SOLON, OH 51
ERCO LIGHTING INC. EDISON, NJ 16
ESPEN TECHNOLOGY, INC SANTA FE SPRINGS, CA 38
ETI SOLID STATE LIGHTING INC. Wheeling, IL 36
EVENLITE INCORPORATED FEASTERVILLE TREVOSE, PA 66
EVOLUTION LIGHTING, LLC PEMBROKE PINES, FL 71
FEELUX LIGHTING INC PEACHTREE CORNERS, GA 15
FOCUS INDUSTRIES INC Lake Forest, CA 75
FULHAM CO., INC. HAWTHORNE, CA 42
GAMMALUX LIGHTING SYSTEMS INC SAN DIMAS, CA 39
GOOD EARTH LIGHTING, INC. MOUNT PROSPECT, IL 28
HAMMERTON, INC. SALT LAKE CITY, UT 143
HESSAMERICA GAFFNEY, SC 66
HI-LITE MANUFACTURING CO. INC. CHINO, CA 78
HUBBARDTON FORGE LLC CASTLETON, VT 232
IGUZZINI LIGHTING USA, LTD. NEW YORK, NY 11
ILIGHT TECHNOLOGIES, INC CHICAGO, IL 18
INTER-LUX, LLC Arbutus, MD 63
ISOLITE CORPORATION BERWYN, PA 18
JESCO LIGHTING GROUP, LLC PORT WASHINGTON, NY 51
JUSTICE DESIGN GROUP LLC LOS ANGELES, CA 43
KLUS LLC Vero Beach, FL 20
KURTZON LIGHTING, INC. CHICAGO, IL 19
KUZCO LIGHTING LLC N Las Vegas, NV 17
L.A. LIGHTING EL MONTE, CA 111
LEDVANCE LLC WILMINGTON, MA 430
LIGHTING SERVICES INC STONY POINT, NY 107
LINMORE LED LABS, INC. FRESNO, CA 58
LLI ARCHITECTURAL LIGHTING LLC BUFFALO GROVE, IL 20
LUCIFER LIGHTING COMPANY SAN ANTONIO, TX 136
LUMAX INDUSTRIES, INC. ALTOONA, PA 43
LUMENFOCUS, LLC HENDERSON, NC 35
LUMENWERX US, INC. Brooklyn, NY 10
LUMETTA INC. WARWICK, RI 40
LUMINII LLC NILES, IL 116
LUMINUS INC. SUNNYVALE, CA 59
LUM-TECH LIGHTING INC Moorestown, NJ 17
LUXTECH, LLC PHILADELPHIA, PA 16
MANNING LIGHTING INC. SHEBOYGAN, WI 25
MAXIM LIGHTING INTERNATIONAL, INC. CITY OF INDUSTRY, CA 121
MAXLITE INC WEST CALDWELL, NJ 149
MCFADDEN LIGHTING CO INC ST LOUIS, MO 11
MERCURY LIGHTING PRODUCTS CO INC FAIRFIELD, NJ 86
MINKA LIGHTING INC CORONA, CA 220
NICOR, INC. ALBUQUERQUE, NM 95
NLS LIGHTING, LLC CARSON, CA 76
NORA LIGHTING, INC COMMERCE, CA 143
PEACHTREE LIGHTING, LLC COVINGTON, GA 13
PHOENIX PRODUCTS LLC Milwaukee, WI 97
PICASSO LIGHTING INDUSTRIES LLC KEARNY, NJ 28
PMC LIGHTING INC. WARWICK, RI 48
PRUDENTIAL LIGHTING CORP Los Angeles, CA 235
PUREEDGE LIGHTING LLC Chicago, IL 73
QTRAN, INC. MILFORD, CT 72
RAB LIGHTING INC NORTHVALE, NJ 390
RAMBUSCH DECORATING COMPANY Jersey City, NJ 20
RAYON LIGHTING GROUP INC Los Angeles, CA 21
REGGIANI LIGHTING USA INC Carlstadt, NJ 28
SOLATUBE INTERNATIONAL, INC Vista, CA 162
SPECIALTY LIGHTING INDUSTRIES INC. OCEAN, NJ 23
SPECTRUM LIGHTING INC FALL RIVER, MA 260
SPI LIGHTING, INC MEQUON, WI 120
STARFIRE LIGHTING INC Wood-Ridge, NJ 65
STERNBERG LANTERNS, INC. ROSELLE, IL 110
STRUCTURA, INC. LENEXA, KS 24
TARGETTI USA INC COSTA MESA, CA 34
TEGAN LIGHTING SAN RAFAEL, CA 11
TEMPO INDUSTRIES LLC IRVINE, CA 72
THE KIRLIN COMPANY DETROIT, MI 36
THE LIGHTING QUOTIENT / ELLIPTIPAR WEST HAVEN, CT 58
TIMES SQUARE STAGE LIGHTING STONY POINT, NY 29
TIVOLI, LLC TUSTIN, CA 52
TOPAZ LIGHTING CORP. HOLTSVILLE, NY 219
TROY-CSL LIGHTING, INC. City of Industry, CA 109
TRULY GREEN SOLUTIONS, LLC Chatsworth, CA 15
U.S. ARCHITECTURAL / SUN VALLEY Palmdale, CA 147
USAI, LLC NEW WINDSOR, NY 227
VISTA MANUFACTURING, INC. ELKHART, IN 63
VODE LIGHTING, LLC Sonoma, CA 20
WALDMANN LIGHTING CO WHEELING, IL 28
WE EF LIGHTING USA LLC WARRENDALE, PA 24
XTRALIGHT MANUFACTURING, LTD. Houston, TX 49
ZANIBONI LIGHTING, LLC CLEARWATER, FL 16

 

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August 25, 2020

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