PPP Loan Data — Curtis Contracting, Inc., West Point, VA
Curtis Contracting, Inc. is a corporation located at 7481 Theron Road, P.o. Box 769 in West Point, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,485,009.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Curtis Contracting, Inc. in West Point, VA received a Paycheck Protection Loan of $3.49M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Curtis Contracting, Inc.'s total 2019 payroll expenses were approximately $16.73M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $71,183 per employee1.
Business Information - Curtis Contracting, Inc. in West Point, VA
7481 Theron Road, P.o. Box 769
West Point, VA 23181
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-01
Similar Companies near West Point
In the West Point area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 235) and received an average PPP loan of $1,975,005 (compared to this company's $3.49M).
Similar Nearby Businesses Who Received PPP Funding:
Abernathy Construction Corporation
Water View, VA
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 89% lower than Curtis Contracting, Inc.'s reported 235 employees, and received an average PPP loan of $405,656, 88% lower than this company's loan of $3.49M.
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, 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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