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PPP Loan Data — Burkett's Pool Plastering, Inc., Salida, CA

SBA PPP loan data, payroll data, and salaries for Burkett's Pool Plastering, Inc.
CA

Burkett's Pool Plastering, Inc.

Entity: Corporation

Industry: All Other Specialty Trade Contractors

Location: Salida, CA

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Burkett's Pool Plastering, Inc. is a corporation located at Po Box 938 in Salida, California that received a Coronavirus-related PPP loan from the SBA of $3,104,928.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 198 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.1M

Jobs Retained:

198

Loan Approved:

2020-04-05

Lender:

OAK VALLEY COMMUNITY BANK

Burkett's Pool Plastering, Inc. received a Paycheck Protection Loan of $3.1M through OAK VALLEY COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Burkett's Pool Plastering, Inc.'s total 2019 payroll expenses were approximately $14.9M in order to qualify for the PPP loan amount received.

Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $75,271 per employee1.

Because the loan received by Burkett's Pool Plastering, 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 - Burkett's Pool Plastering, Inc. in Salida, CA

Burkett's Pool Plastering, Inc.
Po Box 938
Salida, CA 95368

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: CA-10

Similar Companies near Salida

In the Salida area, 4 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 198) and received an average PPP loan of $853,346 (compared to this company's $3.1M).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 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 9 employees, 95% lower than Burkett's Pool Plastering, Inc.'s reported 198 employees, and received an average PPP loan of $113,959, 96% lower than this company's loan of $3.1M.

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/burketts-pool-plastering-inc-salida-ca