PPP Loan Information — BRICE, INCORPORATED
BRICE, INCORPORATED is a corporation located in Fairbanks, Alaska that received a Coronavirus-related PPP loan from the SBA of at least $1,000,000.00 in April, 2020.
PPP Loan Information
$1M to $1.27M
Lender:Mt. McKinley Bank
BRICE, INCORPORATED received a Paycheck Protection Loan of between 1M and 2M through Mt. McKinley Bank, which was approved in April, 2020.
When accounting for 61 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $1.27M2.
Based on standard PPP eligibility rules, BRICE, INCORPORATED's total 2019 payroll expenses were between $4.8M and $6.1M+ in order to qualify for the PPP loan amount received. Based on their reported 61 jobs retained, this equals an estimated average yearly compensation between $78,689 and $100,000+ per employee1.
Business Information - BRICE, INCORPORATED in FAIRBANKS, AK
590 University Ave Ste. 200
FAIRBANKS, AK 99709
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unanswered
Veteran Status: UnansweredAK - 00
Similar Nearby Businesses Who Received PPP Funding:GREAT NORTHWEST, INC.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. 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.