PPP Loan Data — Curtin Co, Charlotte, NC
Curtin Co is a subchapter s corporation located at 11900 Goodrich Drive in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,689,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Curtin Co in Charlotte, NC received a Paycheck Protection Loan of $1.69M through First-Citizens Bank & Trust Company, 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 April, 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, Curtin Co's 2019 payroll expenses are estimated to be at least $8.11M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $42,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, Curtin Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,689,100
Business Information - Curtin Co in Charlotte, NC
11900 Goodrich Drive
Charlotte, NC 28273
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 202 employees (compared to this company's 190) and received an average PPP loan of $2,469,933 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
United Infrastructure Group, Inc
Industry PPP Comparison Statistics
Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B 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 26 employees, 86% lower than Curtin Co's reported 190 employees, and received an average PPP loan of $341,702, 80% lower than this company's loan of $1.69M.
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Footnotes & Information
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