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PPP Loan Data — Colonial Roofing, Inc., Lehigh Acres, FL

SBA PPP loan data, payroll data, and salaries for Colonial Roofing, Inc.
FL

Colonial Roofing, Inc.

Entity: Subchapter S Corporation

Industry: Roofing Contractors

Location: Lehigh Acres, FL

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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

Loan Size:

$2.5M

Jobs Retained:

212

Loan Approved:

2020-04-05

Lender:

SERVISFIRST BANK

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.

Because the loan received by Colonial Roofing, 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 - Colonial Roofing, Inc. in Lehigh Acres, FL

Colonial Roofing, Inc.
5601 2nd Street W
Lehigh Acres, FL 33971

Business Industry

Roofing Contractors (NAICS code 238160)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$15,400 PPP Loan

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.

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/colonial-roofing-inc-lehigh-acres-fl