PPP Loan Data — ELY Concrete Construction, LLC, Cartersville, GA
ELY Concrete Construction, LLC is a limited liability company (LLC) located at 10 Kelli Clark Ct in Cartersville, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,506,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 172 people during the applicable loan loan period.
$ PPP Loan Information
ELY Concrete Construction, LLC in Cartersville, GA received a Paycheck Protection Loan of $2.51M through RENASANT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, ELY Concrete Construction, LLC's total 2019 payroll expenses were approximately $12.03M in order to qualify for the PPP loan amount received.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $69,960 per employee1.
Business Information - ELY Concrete Construction, LLC in Cartersville, GA
10 Kelli Clark Ct
Cartersville, GA 30121
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: GA-11
Similar Companies near Cartersville
In the Cartersville area, 17 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 172) and received an average PPP loan of $218,955 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Naiser Sign Co
Door Tech Inc
Stewart Water Solutions, LTD
Contracting Unlimited, LLC
D & D Contracting Group, LLC
Pro Performance Collision And Restoration Inc
Cousins Construction Group, Inc.
Preferred Heating & Air Conditioning, Inc.
Latitude Blue, LLC
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 95% lower than ELY Concrete Construction, LLC's reported 172 employees, and received an average PPP loan of $113,959, 95% lower than this company's loan of $2.51M.
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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