PPP Loan Data — Downrite Engineering Corp., Miami, FL
Downrite Engineering Corp. is a corporation located at 14241 Sw 143rd Ct , in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $5,961,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK OF FLORIDA
Downrite Engineering Corp. in Miami, FL received a Paycheck Protection Loan of $5.96M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Downrite Engineering Corp.'s total 2019 payroll expenses were approximately $28.62M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $57,232 per employee1.
Business Information - Downrite Engineering Corp. in Miami, FL
14241 Sw 143rd Ct ,
Miami, FL 33186
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: FL-26
Similar Companies near Miami
In the Miami area, 5 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 500) and received an average PPP loan of $1,733,458 (compared to this company's $5.96M).
Similar Nearby Businesses Who Received PPP Funding:
Wrangler Contruction, Inc.
BDC Construction Corp
National Concrete And Paving LLC
Continental Heavy Civil Corp
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 96% lower than Downrite Engineering Corp.'s reported 500 employees, and received an average PPP loan of $308,548, 95% lower than this company's loan of $5.96M.
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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