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PPP Loan Data — Duplan Construction Inc,
Campbell, CA
Duplan Construction Inc
Entity: Corporation
Industry: Commercial and Institutional Building Construction
Location: Campbell, CA
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Duplan Construction Inc is a corporation located at 390 Industrial St in Campbell, California that received a Coronavirus-related PPP loan from the SBA of $337,750.00 in March, 2021.
$
PPP Loan Information
Loan #4013608600
Loan Size:
Jobs Retained:
17Loan Approved:
2021-03-17Loan Status:
Active Un-DisbursedLender:
First BankDuplan Construction Inc in Campbell, CA received a Paycheck Protection Loan of $337,750 through First Bank, which was approved in March, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $337,750 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Duplan Construction Inc's 2019 payroll expenses are estimated to be at least $1.62M.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $95,365 per employee1
Reported PPP Proceed Usage:
On the PPP application, Duplan Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $337,748
- Utilities: $1
Business Information - Duplan Construction Inc in Campbell, CA
390 Industrial St
Campbell, CA 95008
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Campbell
In the Campbell area, 23 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 17) and received an average PPP loan of $426,276 (compared to this company's $337,750).
Similar Nearby Businesses Who Received PPP Funding:
Clean Room Builders Inc
Campbell, CA
On-Site Construction Inc
Campbell, CA
Palisade Builders, Inc
Campbell, CA
Swenson & Associates
Campbell, CA
Gidel Kocal Construction Co Inc
Campbell, CA
S.b.c.c., Inc
Campbell, CA
California Plus Engineering Inc
Campbell, CA
Cobe Construction Inc
Campbell, CA
Grizzly Ceiling Systms Inc
Campbell, CA
Industry PPP Comparison Statistics
Nationwide, 65,446 businesses in the "Commercial and Institutional Building Construction" industry received a total of $11.96B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 18% lower than Duplan Construction Inc's reported 17 employees, and received an average PPP loan of $182,738, 46% lower than this company's loan of $337,750.
Duplan Construction, Inc
Entity: Corporation
Industry: Industrial Building Construction
Location: Campbell, CA
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Duplan Construction, Inc is a corporation located at 390 Industrial St in Campbell, California that received a Coronavirus-related PPP loan from the SBA of $315,625.00 in April, 2020.
$
PPP Loan Information
Loan #3348437108
Loan Size:
Jobs Retained:
22Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
First BankDuplan Construction, Inc in Campbell, CA received a Paycheck Protection Loan of $315,625 through First Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Duplan Construction, Inc's 2019 payroll expenses are estimated to be at least $1.52M.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $68,864 per employee1
Reported PPP Proceed Usage:
On the PPP application, Duplan Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $298,804
- Rent: $16,821
Business Information - Duplan Construction, Inc in Campbell, CA
390 Industrial St
Campbell, CA 95008
Business Industry:
Industrial Building Construction
NAICS code 236210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Campbell
In the Campbell area, 4 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 22) and received an average PPP loan of $2,225,828 (compared to this company's $315,625).
Similar Nearby Businesses Who Received PPP Funding:
West Valley Construction Co. Inc
Campbell, CA
Paris Extreme Builders
Campbell, CA
Teammate Builders, Inc
Campbell, CA
Industry PPP Comparison Statistics
Nationwide, 12,971 businesses in the "Industrial Building Construction" industry received a total of $2.13B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 41% lower than Duplan Construction, Inc's reported 22 employees, and received an average PPP loan of $163,840, 48% lower than this company's loan of $315,625.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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