PPP Loan Data — Applied Construction Solutions Inc., Bridgeport, WV
Applied Construction Solutions Inc. is a corporation located at 1000 Jerry Dove Drive in Bridgeport, West Virginia that received a Coronavirus-related PPP loan from the SBA of $4,160,400.00 in April, 2020.
$ PPP Loan Information
Applied Construction Solutions Inc. in Bridgeport, WV received a Paycheck Protection Loan of $4.16M through UNITED BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Applied Construction Solutions Inc.'s total 2019 payroll expenses were approximately $19.97M in order to qualify for the PPP loan amount received.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $95,095 per employee1.
Business Information - Applied Construction Solutions Inc. in Bridgeport, WV
1000 Jerry Dove Drive
Bridgeport, WV 26330
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WV-01
Similar Companies near Bridgeport
In the Bridgeport area, 2 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 210) and received an average PPP loan of $2,134,800 (compared to this company's $4.16M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 91% lower than Applied Construction Solutions Inc.'s reported 210 employees, and received an average PPP loan of $308,548, 93% lower than this company's loan of $4.16M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!