PPP Loan Data — Dixie Construction Company Co., Inc., Churchville, MD
Dixie Construction Company Co., Inc.
Entity: Subchapter S Corporation
Location: Churchville, MDTweet This • Search All PPP Data
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
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.
Business Information - Dixie Construction Company Co., Inc. in Churchville, MD
260 Hopewell Road
Churchville, MD 21028
Water and Sewer Line and Related Structures Construction (NAICS code 237110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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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