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PPP Loan Data — Elite Concrete, Las Vegas, NV

SBA PPP loan data, payroll data, and salaries for Elite Concrete
NV

Elite Concrete

Entity: Subchapter S Corporation

Industry: Poured Concrete Foundation and Structure Contractors

Location: Las Vegas, NV

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Elite Concrete is a subchapter s corporation located at 5166 W. Patrick Ln Ste 110 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $390,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$390,000

Jobs Retained:

40

Loan Approved:

2020-04-30

Lender:

BANK OF THE WEST

Elite Concrete received a Paycheck Protection Loan of $390,000 through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Elite Concrete's total 2019 payroll expenses were approximately $1.87M in order to qualify for the PPP loan amount received.

Based on their reported 40 jobs retained, this equals an estimated average yearly compensation of $46,800 per employee1.

Business Information - Elite Concrete in Las Vegas, NV

Elite Concrete
5166 W. Patrick Ln Ste 110
Las Vegas, NV 89118

Business Industry

Poured Concrete Foundation and Structure Contractors (NAICS code 238110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NV-03

Similar Companies near Las Vegas

In the Las Vegas area, 9 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 40) and received an average PPP loan of $719,650 (compared to this company's $390,000).

Industry PPP Comparison Statistics

Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 65% lower than Elite Concrete's reported 40 employees, and received an average PPP loan of $177,269, 55% lower than this company's loan of $390,000.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/elite-concrete-las-vegas-nv