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PPP Loan Data — Curtis Contracting, Inc.,
West Point, VA
Curtis Contracting, Inc.
Entity: Corporation
Industry: Highway, Street, and Bridge Construction
Location: West Point, VA
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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
Loan Size:
Jobs Retained:
235Loan Approved:
2020-04-09Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COCurtis 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
Business Industry
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-01Similar 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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