PPP Loan Data — Community Construction Inc, Hazlehurst, MS
Community Construction Inc
Location: Hazlehurst, MSTweet This • Search All PPP Data
Community Construction Inc is a corporation located at 1045 Panther Ridge Pkwy in Hazlehurst, Mississippi that received a Coronavirus-related PPP loan from the SBA of $1,586,630.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 113 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Trustmark National Bank
Community Construction Inc in Hazlehurst, MS received a Paycheck Protection Loan of $1.59M through Trustmark National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, Community Construction Inc's 2019 payroll expenses are estimated to be at least $7.62M.
Based on their reported 113 jobs retained, this equals an estimated average yearly compensation of $67,397 per employee1
Reported PPP Proceed Usage:
On the PPP application, Community Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,586,630
Business Information - Community Construction Inc in Hazlehurst, MS
1045 Panther Ridge Pkwy
Hazlehurst, MS 39083
Oil and Gas Pipeline and Related Structures Construction
NAICS code 237120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Hazlehurst
In the Hazlehurst area, 2 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 113) and received an average PPP loan of $1,527,868 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Community Construction Co LLC
Industry PPP Comparison Statistics
Nationwide, 3,051 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $1.06B 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 23 employees, 80% lower than Community Construction Inc's reported 113 employees, and received an average PPP loan of $346,117, 78% lower than this company's loan of $1.59M.
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Footnotes & Information
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