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PPP Loan Data — Dixie Construction Company Co., Inc., Churchville, MD

SBA PPP loan data, payroll data, and salaries for Dixie Construction Company Co., Inc.
MD

Dixie Construction Company Co., Inc.

Entity: Subchapter S Corporation

Industry: Water and Sewer Line and Related Structures Construction

Location: Churchville, MD

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Dixie Construction Company Co., Inc. is a subchapter s corporation located at 260 Hopewell Road in Churchville, Maryland that received a Coronavirus-related PPP loan from the SBA of $5,384,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.38M

Jobs Retained:

300

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Dixie Construction Company Co., Inc. received a Paycheck Protection Loan of $5.38M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dixie Construction Company Co., Inc.'s total 2019 payroll expenses were approximately $25.84M in order to qualify for the PPP loan amount received.

Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $86,146 per employee1.

Because the loan received by Dixie Construction Company Co., 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 - Dixie Construction Company Co., Inc. in Churchville, MD

Dixie Construction Company Co., Inc.
260 Hopewell Road
Churchville, MD 21028

Business Industry

Water and Sewer Line and Related Structures Construction (NAICS code 237110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-01

Industry PPP Comparison Statistics

Nationwide, 5,092 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1,334,037,195.00 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 17 employees, 94% lower than Dixie Construction Company Co., Inc.'s reported 300 employees, and received an average PPP loan of $261,987, 95% lower than this company's loan of $5.38M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/dixie-construction-company-co-inc-churchville-md