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PPP Loan Data — Building & Earth Sciences, Inc.,
Irondale, AL
Building & Earth Sciences, Inc.
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Irondale, AL
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Building & Earth Sciences, Inc. is a subchapter s corporation located at 5545 Derby Drive in Irondale, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,502,390.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 202 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
202Loan Approved:
2020-04-04Lender:
OAKWORTH CAPITAL BANKBuilding & Earth Sciences, Inc. in Irondale, AL received a Paycheck Protection Loan of $2.5M through OAKWORTH CAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Building & Earth Sciences, Inc.'s total 2019 payroll expenses were approximately $12.01M in order to qualify for the PPP loan amount received.
Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $59,463 per employee1.
Business Information - Building & Earth Sciences, Inc. in Irondale, AL
5545 Derby Drive
Irondale, AL 35210
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: AL-06Similar Companies near Irondale
In the Irondale area, 5 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 202) and received an average PPP loan of $697,977 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
SBE, LLC
Irondale, AL
Sauls Seismic LLC
Birmingham, AL
MRB Realty Holdings, LLC (EPC)
Birmingham, AL
BIC Switchgear Services, Inc.
Irondale, AL
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 93% lower than Building & Earth Sciences, Inc.'s reported 202 employees, and received an average PPP loan of $249,856, 90% lower than this company's loan of $2.5M.
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.
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