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PPP Loan Data — Berwald Roofing Company, Inc., Saint Paul, MN

SBA PPP loan data, payroll data, and salaries for Berwald Roofing Company, Inc.
MN

Berwald Roofing Company, Inc.

Entity: Subchapter S Corporation

Industry: Roofing Contractors

Location: Saint Paul, MN

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Berwald Roofing Company, Inc. is a subchapter s corporation located at 2440 North Charles Street in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,388,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.39M

Jobs Retained:

328

Loan Approved:

2020-04-09

Lender:

OLD NATIONAL BANK

Berwald Roofing Company, Inc. received a Paycheck Protection Loan of $4.39M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Berwald Roofing Company, Inc.'s total 2019 payroll expenses were approximately $21.06M in order to qualify for the PPP loan amount received.

Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $64,219 per employee1.

Because the loan received by Berwald Roofing Company, Inc. 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 - Berwald Roofing Company, Inc. in Saint Paul, MN

Berwald Roofing Company, Inc.
2440 North Charles Street
Saint Paul, MN 55109

Business Industry

Roofing Contractors (NAICS code 238160)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-04

Similar Companies near Saint Paul

In the Saint Paul area, 2 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 190 employees (compared to this company's 328) and received an average PPP loan of $2,524,150 (compared to this company's $4.39M).

Similar Nearby Businesses Who Received PPP Funding:

Mcphillips Bros. Roofing Company
Saint Paul, MN

$660,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 13,327 businesses in the "Roofing Contractors" industry received a total of $1,896,438,811.00 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 12 employees, 96% lower than Berwald Roofing Company, Inc.'s reported 328 employees, and received an average PPP loan of $142,301, 97% lower than this company's loan of $4.39M.

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.

Search FederalPay's Full PPP Loan Database

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/berwald-roofing-company-inc-saint-paul-mn