PPP Loan Data — Andrew Chekene Enterprises Inc, Hayward, CA
Andrew Chekene Enterprises Inc
Entity: Subchapter S Corporation
Location: Hayward, CATweet This • Search All PPP Data
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.
$ PPP Loan Information
Lender:BANK OF THE WEST
Andrew Chekene Enterprises Inc received a Paycheck Protection Loan of $5.65M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Andrew Chekene Enterprises Inc's total 2019 payroll expenses were approximately $27.14M in order to qualify for the PPP loan amount received.
Based on their reported 272 jobs retained, this equals an estimated average yearly compensation of $99,783 per employee1.
Business Information - Andrew Chekene Enterprises Inc in Hayward, CA
21965 Meekland Ave
Hayward, CA 94541
New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-15
Similar Companies near Hayward
In the Hayward area, 14 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 272) and received an average PPP loan of $434,744 (compared to this company's $5.65M).
Similar Nearby Businesses Who Received PPP Funding:
Predator Security Systems Inc
Custom Trim Concepts
Ronnie Perez Construction
Bay Easy Construction Inc
Acosta Construction, Inc
Industry PPP Comparison Statistics
Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 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 $58,566, 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.
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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