PPP Loan Data — E. Turman And Company, Inc, Livermore, CA
E. Turman And Company, Inc is a corporation located at 2055 Research Drive in Livermore, California that received a Coronavirus-related PPP loan from the SBA of $1,621,161.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 115 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Heritage Bank of Commerce
E. Turman And Company, Inc in Livermore, CA received a Paycheck Protection Loan of $1.62M through Heritage Bank of Commerce, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, E. Turman And Company, Inc's 2019 payroll expenses are estimated to be at least $7.78M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $67,666 per employee1
Reported PPP Proceed Usage:
On the PPP application, E. Turman And Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,621,161
Business Information - E. Turman And Company, Inc in Livermore, CA
2055 Research Drive
Livermore, CA 94550
Painting and Wall Covering Contractors
NAICS code 238320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Livermore
In the Livermore area, 16 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 115) and received an average PPP loan of $416,735 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Almeida & Son Painting & Construction Inc
J. W. Peterson Painting, Inc
Capurro Enterprises Inc
Capurro Enterprises Incorporated
Primitivo Construction, Inc
Custom Painting Inc
Turul Painting Inc
Service Painting, Inc
Industry PPP Comparison Statistics
Nationwide, 50,571 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.46B 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 5 employees, 96% lower than E. Turman And Company, Inc's reported 115 employees, and received an average PPP loan of $48,668, 97% lower than this company's loan of $1.62M.
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Footnotes & Information
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