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PPP Loan Data — Andrew Chekene Enterprises Inc,
Hayward, CA
Andrew Chekene Enterprises Inc
Entity: Subchapter S Corporation
Industry: Residential Remodelers
Location: Hayward, CA
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Andrew Chekene Enterprises Inc is a subchapter s corporation located at 21965 Meekland Ave in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 251 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9203478406
Loan Size:
Jobs Retained:
251Loan Approved:
2021-02-16Loan Status:
Paid in Full or ForgivenLender:
BMO Harris Bank National AssociationAndrew Chekene Enterprises Inc in Hayward, CA received a Paycheck Protection Loan of $2M through BMO Harris Bank National Association, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Andrew Chekene Enterprises Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $38,247 per employee1
Reported PPP Proceed Usage:
On the PPP application, Andrew Chekene Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Andrew Chekene Enterprises Inc in Hayward, CA
21965 Meekland Ave
Hayward, CA 94541
Business Industry:
Residential Remodelers
NAICS code 236118
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Hayward
In the Hayward area, 42 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 251) and received an average PPP loan of $78,121 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
John Akins
Hayward, CA
CAC - Carl Arevalo Construction
Hayward, CA
Loza Construction, Inc
Hayward, CA
Murray Construction Services Inc
Hayward, CA
HAI Nguyen
Hayward, CA
Veronica Rezentes Smith
Hayward, CA
Amanda Freitas
Hayward, CA
Jose Gonzalez
Hayward, CA
Industry PPP Comparison Statistics
Nationwide, 166,329 businesses in the "Residential Remodelers" industry received a total of $5.15B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Andrew Chekene Enterprises Inc's reported 251 employees, and received an average PPP loan of $30,989, 98% lower than this company's loan of $2M.
Andrew Chekene Enterprises Inc
Entity: Subchapter S Corporation
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: Hayward, CA
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Andrew Chekene Enterprises Inc is a subchapter s corporation located at 21965 Meekland Ave in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $5,654,386.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 272 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4868297308
Loan Size:
Jobs Retained:
272Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
BMO Harris Bank National AssociationAndrew Chekene Enterprises Inc in Hayward, CA received a Paycheck Protection Loan of $5.65M through BMO Harris Bank National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Andrew Chekene Enterprises Inc's 2019 payroll expenses are estimated to be at least $27.14M.
Based on their reported 272 jobs retained, this equals an estimated average yearly compensation of $99,783 per employee1
Reported PPP Proceed Usage:
On the PPP application, Andrew Chekene Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,654,386
Business Information - Andrew Chekene Enterprises Inc in Hayward, CA
21965 Meekland Ave
Hayward, CA 94541
Business Industry:
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Hayward
In the Hayward area, 23 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 272) and received an average PPP loan of $271,920 (compared to this company's $5.65M).
Similar Nearby Businesses Who Received PPP Funding:
Boxin Yu
Hayward, CA
Bay Easy Construction Inc
Hayward, CA
Troy Evans
Hayward, CA
Grandview Builder Inc
Hayward, CA
Diaz Construction
Hayward, CA
Sharper Construction & Development Inc
Hayward, CA
Josias Corona
Hayward, CA
Andrew Renowitzky
Hayward, CA
Industry PPP Comparison Statistics
Nationwide, 125,378 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.7B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Andrew Chekene Enterprises Inc's reported 272 employees, and received an average PPP loan of $45,455, 99% lower than this company's loan of $5.65M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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