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PPP Loan Data — Dewolfe Crane Services, Inc,
Huntington Beach, CA
Dewolfe Crane Services, Inc
Entity: Subchapter S Corporation
Industry: All Other Specialty Trade Contractors
Location: Huntington Beach, CA
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Dewolfe Crane Services, Inc is a subchapter s corporation located at 16281 Tisbury Cir in Huntington Beach, California that received a Coronavirus-related PPP loan from the SBA of $190,642.00 in May, 2020.
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PPP Loan Information
Loan #1829397710
Loan Size:
Jobs Retained:
100Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationDewolfe Crane Services, Inc in Huntington Beach, CA received a Paycheck Protection Loan of $190,642 through JPMorgan Chase Bank, National Association, which was approved in May, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Dewolfe Crane Services, Inc's 2019 payroll expenses are estimated to be at least $915,082.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $9,151 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dewolfe Crane Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $190,642
Business Information - Dewolfe Crane Services, Inc in Huntington Beach, CA
16281 Tisbury Cir
Huntington Beach, CA 92649
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Huntington Beach
In the Huntington Beach area, 34 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 100) and received an average PPP loan of $207,638 (compared to this company's $190,642).
Similar Nearby Businesses Who Received PPP Funding:
One Source Service LLC
Huntington Beach, CA
LCS NC Inc
Huntington Beach, CA
Grani Installation Inc
Huntington Beach, CA
Tadas Jusionis
Huntington Beach, CA
Twin Construction Company, Inc
Huntingtn Bch, CA
P.w. Stephens Environmental, Inc
Huntington Beach, CA
Bara Woodshaping And Design
Huntington Beach, CA
B & J Coating
Huntington Beach, CA
Integrated Woodwork Solutions Inc
Huntington Beach, CA
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 92% lower than Dewolfe Crane Services, Inc's reported 100 employees, and received an average PPP loan of $86,076, 55% lower than this company's loan of $190,642.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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