PPP Loan Data — Contractor Service & Fabrication, Inc, Decatur, AL
Contractor Service & Fabrication, Inc is a corporation located at 3428 Highway 20 in Decatur, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,450,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Contractor Service & Fabrication, Inc in Decatur, AL received a Paycheck Protection Loan of $2.45M through Regions Bank, which was approved in April, 2020.
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, Contractor Service & Fabrication, Inc's 2019 payroll expenses are estimated to be at least $11.76M.
Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $51,806 per employee1
Reported PPP Proceed Usage:
On the PPP application, Contractor Service & Fabrication, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,450,000
Business Information - Contractor Service & Fabrication, Inc in Decatur, AL
3428 Highway 20
Decatur, AL 35601
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Decatur
In the Decatur area, 17 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 227) and received an average PPP loan of $314,532 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Savier W. Engram
Terry Pools & Homebuilders, LLC
Victor Banks II
Omniscient Solutions Inc
Academy Termite & Pest Control LLC
Shelton Sign Company, Inc
Down The Line Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 96% lower than Contractor Service & Fabrication, Inc's reported 227 employees, and received an average PPP loan of $86,076, 96% lower than this company's loan of $2.45M.
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Footnotes & Information
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