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PPP Loan Data — Combs Construction Company Inc, Mooresville, NC

SBA PPP loan data, payroll data, and salaries for Combs Construction Company Inc

Combs Construction Company Inc

Entity: Subchapter S Corporation

Industry: Poured Concrete Foundation and Structure Contractors

Location: Mooresville, NC

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Combs Construction Company Inc is a subchapter s corporation located at 124 Bandit Lane in Mooresville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,967,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Combs Construction Company Inc received a Paycheck Protection Loan of $2.97M through PINNACLE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Combs Construction Company Inc's total 2019 payroll expenses were approximately $14.24M in order to qualify for the PPP loan amount received.

Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $59,352 per employee1.

Because the loan received by Combs Construction Company 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 - Combs Construction Company Inc in Mooresville, NC

Combs Construction Company Inc
124 Bandit Lane
Mooresville, NC 28117

Business Industry

Poured Concrete Foundation and Structure Contractors (NAICS code 238110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-13

Similar Companies near Mooresville

In the Mooresville area, 2 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 240) and received an average PPP loan of $1,491,300 (compared to this company's $2.97M).

Similar Nearby Businesses Who Received PPP Funding:

Concrete Logistics, Inc
Mooresville, NC

$15,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 94% lower than Combs Construction Company Inc's reported 240 employees, and received an average PPP loan of $177,269, 94% lower than this company's loan of $2.97M.

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.

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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 - The Civil Employee's Resource **