PPP Loan Data — Doster Construction Company Inc, Birmingham, AL
Doster Construction Company Inc is a corporation located at 2100 International Park Drive in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,768,800.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Doster Construction Company Inc in Birmingham, AL received a Paycheck Protection Loan of $3.77M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Doster Construction Company Inc's total 2019 payroll expenses were approximately $18.09M in order to qualify for the PPP loan amount received.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $86,556 per employee1.
Business Information - Doster Construction Company Inc in Birmingham, AL
2100 International Park Drive
Birmingham, AL 35243
Residential Remodelers (NAICS code 236118)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-06
Similar Companies near Birmingham
In the Birmingham area, 31 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 209) and received an average PPP loan of $156,236 (compared to this company's $3.77M).
Similar Nearby Businesses Who Received PPP Funding:
Serve One Construction, LLC
Fine Line Contractors Inc
Olivieri Harris Interiors LLC
Titan Remodeling Group LLC
DE Meis Homesouth Custom Homes, LLC
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J Fante Studio LLC
Precision Homecrafters, LLC
Tracy Brabner DBA Southern Provenance LLC
Industry PPP Comparison Statistics
Nationwide, 53,839 businesses in the "Residential Remodelers" industry received a total of $2,497,962,542.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Doster Construction Company Inc's reported 209 employees, and received an average PPP loan of $46,397, 99% lower than this company's loan of $3.77M.
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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