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PPP Loan Data — CU Employment Inc, Birmingham, AL

SBA PPP loan data, payroll data, and salaries for CU Employment Inc
AL

CU Employment Inc

Entity: Corporation

Industry: Communication Equipment Repair and Maintenance

Location: Birmingham, AL

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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

Loan Size:

$2.63M

Jobs Retained:

363

Loan Approved:

2020-04-14

Lender:

SERVISFIRST BANK

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.

Because the loan received by CU Employment 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 - CU Employment Inc in Birmingham, AL

CU Employment Inc
2552 18th Street South
Birmingham, AL 35209

Business Industry

Communication Equipment Repair and Maintenance (NAICS code 811213)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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
Birmingham, AL

$199,000 PPP Loan

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.

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/cu-employment-inc-birmingham-al