PPP Loan Data — Carew Concrete & Supply Co., Inc, Appleton, WI
Carew Concrete & Supply Co., Inc is a subchapter s corporation located at 1811 W Edgewood Dr 0.0 in Appleton, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,054,950.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Carew Concrete & Supply Co., Inc in Appleton, WI received a Paycheck Protection Loan of $2.05M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Carew Concrete & Supply Co., Inc's 2019 payroll expenses are estimated to be at least $9.86M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $74,164 per employee1
Reported PPP Proceed Usage:
On the PPP application, Carew Concrete & Supply Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,054,950
Business Information - Carew Concrete & Supply Co., Inc in Appleton, WI
1811 W Edgewood Dr 0.0
Appleton, WI 54913
Ready-Mix Concrete Manufacturing
NAICS code 327320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Appleton
In the Appleton area, 2 businesses in the "Ready-Mix Concrete Manufacturing" industry received a PPP loan. These local businesses reported an average of 217 employees (compared to this company's 133) and received an average PPP loan of $3,007,075 (compared to this company's $2.05M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 1,707 businesses in the "Ready-Mix Concrete Manufacturing" industry received a total of $518.44M 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 26 employees, 80% lower than Carew Concrete & Supply Co., Inc's reported 133 employees, and received an average PPP loan of $303,712, 85% lower than this company's loan of $2.05M.
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Footnotes & Information
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