PPP Loan Data — Building & Earth Sciences, Inc., Irondale, AL
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
Lender:OAKWORTH CAPITAL BANK
Building & 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
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: AL-06
Similar 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:
Sauls Seismic LLC
MRB Realty Holdings, LLC (EPC)
BIC Switchgear Services, Inc.
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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