PPP Loan Data — Colonial Roofing, Inc., Lehigh Acres, FL
Colonial Roofing, Inc. is a subchapter s corporation located at 5601 2nd Street W in Lehigh Acres, Florida that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Colonial Roofing, Inc. in Lehigh Acres, FL received a Paycheck Protection Loan of $2.5M through SERVISFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Colonial Roofing, Inc.'s total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $56,604 per employee1.
Business Information - Colonial Roofing, Inc. in Lehigh Acres, FL
5601 2nd Street W
Lehigh Acres, FL 33971
Roofing Contractors (NAICS code 238160)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-19
Similar Companies near Lehigh Acres
In the Lehigh Acres area, 2 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 212) and received an average PPP loan of $1,257,700 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
American Roofing & Framing Contractor LLC
Lehigh Acres, FL
Industry PPP Comparison Statistics
Nationwide, 13,327 businesses in the "Roofing Contractors" industry received a total of $1,896,438,811.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 94% lower than Colonial Roofing, Inc.'s reported 212 employees, and received an average PPP loan of $142,301, 94% 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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