PPP Loan Data — Charles Deweese Construction, Inc., Franklin, KY
Charles Deweese Construction, Inc. is a subchapter s corporation located at 765 Industrial By Pass North in Franklin, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,999,300.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 302 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FRANKLIN BANK & TRUST COMPANY
Charles Deweese Construction, Inc. in Franklin, KY received a Paycheck Protection Loan of $3M through FRANKLIN BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Charles Deweese Construction, Inc.'s total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 302 jobs retained, this equals an estimated average yearly compensation of $47,671 per employee1.
Business Information - Charles Deweese Construction, Inc. in Franklin, KY
765 Industrial By Pass North
Franklin, KY 42134
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: KY-01
Similar Companies near Franklin
In the Franklin area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 302) and received an average PPP loan of $1,014,000 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Kenneth Simpson Construction Inc
Akins Construction Inc
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 91% lower than Charles Deweese Construction, Inc.'s reported 302 employees, and received an average PPP loan of $405,656, 86% lower than this company's loan of $3M.
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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