PPP Loan Data — CU Employment Inc, Birmingham, AL
CU Employment Inc is a corporation located at 2552 18th Street South in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,630,000.00 in April, 2020.
$ PPP Loan Information
CU Employment Inc received a Paycheck Protection Loan of $2.63M through SERVISFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, CU Employment Inc's total 2019 payroll expenses were approximately $12.62M in order to qualify for the PPP loan amount received.
Based on their reported 363 jobs retained, this equals an estimated average yearly compensation of $34,777 per employee1.
Business Information - CU Employment Inc in Birmingham, AL
2552 18th Street South
Birmingham, AL 35209
Communication Equipment Repair and Maintenance (NAICS code 811213)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-07
Similar Companies near Birmingham
In the Birmingham area, 2 businesses in the "Communication Equipment Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 191 employees (compared to this company's 363) and received an average PPP loan of $1,414,500 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
Communication Network Corporat
Industry PPP Comparison Statistics
Nationwide, 866 businesses in the "Communication Equipment Repair and Maintenance" industry received a total of $76,056,970.00 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 7 employees, 98% lower than CU Employment Inc's reported 363 employees, and received an average PPP loan of $87,826, 97% lower than this company's loan of $2.63M.
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.
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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