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PPP Loan Information — MORRIS-SHEA BRIDGE COMPANY, INC

SBA PPP loan data, payroll data, and salaries for
AL

MORRIS-SHEA BRIDGE COMPANY, INC

Business Type: Corporation

Industry: Industrial Building Construction

Location: IRONDALE, AL

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MORRIS-SHEA BRIDGE COMPANY, INC is a corporation located in Irondale, Alabama that received a Coronavirus-related PPP loan from the SBA of at least $2,000,000.00 in April, 2020.

PPP Loan Information

Loan Size:

$2M to $5M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

ServisFirst Bank

MORRIS-SHEA BRIDGE COMPANY, INC received a Paycheck Protection Loan of between 2M and 5M through ServisFirst Bank, which was approved in April, 2020.

Based on standard PPP eligibility rules, MORRIS-SHEA BRIDGE COMPANY, INC's total 2019 payroll expenses were between $9.6M and $24M in order to qualify for the PPP loan amount received. Based on their reported 250 jobs retained, this equals an estimated average yearly compensation between $38,400 and $96,000 per employee1.

Because the loan received by MORRIS-SHEA BRIDGE COMPANY, 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 - MORRIS-SHEA BRIDGE COMPANY, INC in IRONDALE, AL

MORRIS-SHEA BRIDGE COMPANY, INC
609 South 20th Street
IRONDALE, AL 35210

Business Industry

Industrial Building Construction (NAICS code 236210)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

AL - 06

Similar Nearby Businesses Who Received PPP Funding:

NICHOLS INDUSTRIAL CONSTRUCTION COMPANY INC
($350,000-1 million)
AGC ALABAMA CONSTRUCTION INDUSTRY SERVICES INC
($150,000-350,000)


Employee Statistics

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.

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/1850-industries-inc-mariposa-ca