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PPP Loan Data — Bali Construction Inc,
South El Monte, CA
Bali Construction Inc
Entity: Subchapter S Corporation
Industry: Water and Sewer Line and Related Structures Construction
Location: South El Monte, CA
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Bali Construction Inc is a subchapter s corporation located at 9852 Joe Vargas Way in South El Monte, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
The company has reported itself as a male owned business, and employed at least 156 people during the applicable loan loan period.
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PPP Loan Information
Loan #1471978610
Loan Size:
Jobs Retained:
156Loan Approved:
2021-03-13Loan Status:
Paid in Full or ForgivenLender:
American Business BankBali Construction Inc in South El Monte, CA received a Paycheck Protection Loan of $2M through American Business Bank, which was approved in March, 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 August, 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, Bali Construction Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $61,538 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bali Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Bali Construction Inc in South El Monte, CA
9852 Joe Vargas Way
South El Monte, CA 91733
Business Industry:
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Race: Unreported
Ethnicity: 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: N
Rural / Urban: Urban
Similar Companies near South El Monte
In the South El Monte area, 3 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 156) and received an average PPP loan of $858,047 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Feng Construction Corp
South El Monte, CA
Vido Artukovich & Son Inc./Vidmar Inc. A Jv
South El Monte, CA
Industry PPP Comparison Statistics
Nationwide, 8,803 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 17 employees, 89% lower than Bali Construction Inc's reported 156 employees, and received an average PPP loan of $219,053, 89% lower than this company's loan of $2M.
Bali Construction, Inc
Entity: Subchapter S Corporation
Industry: Power and Communication Line and Related Structures Construction
Location: South El Monte, CA
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Bali Construction, Inc is a subchapter s corporation located at 9852 Joe Vargas Way in South El Monte, California that received a Coronavirus-related PPP loan from the SBA of $3,632,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 208 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5181367009
Loan Size:
Jobs Retained:
208Loan Approved:
2020-04-05Loan Status:
Paid in Full or ForgivenLender:
American Business BankBali Construction, Inc in South El Monte, CA received a Paycheck Protection Loan of $3.63M through American Business Bank, 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 August, 2021.
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, Bali Construction, Inc's 2019 payroll expenses are estimated to be at least $17.44M.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $83,827 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bali Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,800,000
- Health Care: $832,500
Business Information - Bali Construction, Inc in South El Monte, CA
9852 Joe Vargas Way
South El Monte, CA 91733
Business Industry:
Power and Communication Line and Related Structures Construction
NAICS code 237130
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,743 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $1.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 18 employees, 91% lower than Bali Construction, Inc's reported 208 employees, and received an average PPP loan of $222,173, 94% lower than this company's loan of $3.63M.
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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