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PPP Loan Data — A-1 Roof Trusses LTD Company, Fort Pierce, FL

SBA PPP loan data, payroll data, and salaries for A-1 Roof Trusses LTD Company
FL

A-1 Roof Trusses LTD Company

Entity: Corporation

Industry: Truss Manufacturing

Location: Fort Pierce, FL

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A-1 Roof Trusses LTD Company is a corporation located at 4451 Saint Lucie Blvd in Fort Pierce, Florida that received a Coronavirus-related PPP loan from the SBA of $2,663,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.66M

Jobs Retained:

262

Loan Approved:

2020-04-09

Lender:

SOUTH STATE BANK, NATIONAL ASSOCIATION

A-1 Roof Trusses LTD Company in Fort Pierce, FL received a Paycheck Protection Loan of $2.66M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, A-1 Roof Trusses LTD Company's total 2019 payroll expenses were approximately $12.78M in order to qualify for the PPP loan amount received.

Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $48,795 per employee1.

Because the loan received by A-1 Roof Trusses LTD Company 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 - A-1 Roof Trusses LTD Company in Fort Pierce, FL

A-1 Roof Trusses LTD Company
4451 Saint Lucie Blvd
Fort Pierce, FL 34946

Business Industry

Truss Manufacturing (NAICS code 321214)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-18

Industry PPP Comparison Statistics

Nationwide, 326 businesses in the "Truss Manufacturing" industry received a total of $104,139,347.00 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 32 employees, 88% lower than A-1 Roof Trusses LTD Company's reported 262 employees, and received an average PPP loan of $319,446, 88% lower than this company's loan of $2.66M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/a-1-roof-trusses-ltd-company-fort-pierce-fl