PPP Loan Data — Dreamstyle Remodeling, Inc., Albuquerque, NM
Dreamstyle Remodeling, Inc. is a corporation located at 1460 N Renaissance Blvd Ne in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $7,570,700.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 403 people during the applicable loan loan period.
$ PPP Loan Information
Lender:ENTERPRISE BANK & TRUST
Dreamstyle Remodeling, Inc. in Albuquerque, NM received a Paycheck Protection Loan of $7.57M through ENTERPRISE BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dreamstyle Remodeling, Inc.'s total 2019 payroll expenses were approximately $36.34M in order to qualify for the PPP loan amount received.
Based on their reported 403 jobs retained, this equals an estimated average yearly compensation of $90,172 per employee1.
Business Information - Dreamstyle Remodeling, Inc. in Albuquerque, NM
1460 N Renaissance Blvd Ne
Albuquerque, NM 87107
Residential Remodelers (NAICS code 236118)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NM-01
Similar Companies near Albuquerque
In the Albuquerque area, 14 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 403) and received an average PPP loan of $606,239 (compared to this company's $7.57M).
Similar Nearby Businesses Who Received PPP Funding:
Yourson Construction Inc.
My House Construction, LLC
Lujan & Sons Construction Inc.
Full Measure, LLC
Enchantment Design & Remodeling, LLC
Ayala Construction Corp
Spensley Construction Corporation
Resolution Fabrication 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, 99% lower than Dreamstyle Remodeling, Inc.'s reported 403 employees, and received an average PPP loan of $46,397, 99% lower than this company's loan of $7.57M.
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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