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PPP Loan Data — ELY Concrete Construction LLC,
Cartersville, GA
ELY Concrete Construction LLC
Entity: Limited Liability Company (LLC)
Industry: Poured Concrete Foundation and Structure Contractors
Location: Cartersville, GA
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ELY Concrete Construction LLC is a limited liability company (LLC) located at 10 Kelli Clark Ct Se in Cartersville, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,999,900.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least 190 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8942698608
Loan Size:
Jobs Retained:
190Loan Approved:
2021-03-25Loan Status:
Ongoing LoanLender:
Itria Ventures LLCELY Concrete Construction LLC in Cartersville, GA received a Paycheck Protection Loan of $2M through Itria Ventures LLC, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, ELY Concrete Construction LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $50,524 per employee1
Reported PPP Proceed Usage:
On the PPP application, ELY Concrete Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,895
- Utilities: $1
Business Information - ELY Concrete Construction LLC in Cartersville, GA
10 Kelli Clark Ct Se
Cartersville, GA 30121
Business Industry:
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Cartersville
In the Cartersville area, 9 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 190) and received an average PPP loan of $307,337 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Skene Concrete Inc
Cartersville, GA
FC Contracting & Management Group, LLC
Cartersville, GA
Aquadry Waterproofing, LLC
Cartersville, GA
FC Concrete Construction, LLC
Cartersville, GA
FC Contracting And Management Group LLC
Cartersville, GA
Gary Martin
Lithia Springs, GA
Ranger Foundations Inc
Cartersville, GA
USA Concrete Pumping Inc
Cartersville, GA
Industry PPP Comparison Statistics
Nationwide, 21,571 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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, 93% lower than ELY Concrete Construction LLC's reported 190 employees, and received an average PPP loan of $139,812, 93% lower than this company's loan of $2M.
ELY Concrete Construction, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Specialty Trade Contractors
Location: Cartersville, GA
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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
Loan #8649667005
Loan Size:
Jobs Retained:
172Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Renasant BankELY Concrete Construction, LLC in Cartersville, GA received a Paycheck Protection Loan of $2.51M through Renasant 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 July, 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, ELY Concrete Construction, LLC's 2019 payroll expenses are estimated to be at least $12.03M.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $69,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, ELY Concrete Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,506,900
Business Information - ELY Concrete Construction, LLC in Cartersville, GA
10 Kelli Clark Ct
Cartersville, GA 30121
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Cartersville
In the Cartersville area, 42 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 172) and received an average PPP loan of $108,184 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
A&S Pavement Maintenance Inc
Lithia Springs, GA
Jimmy D Crane
Cartersville, GA
Latitude Blue, LLC
Cartersville, GA
Genesis Global Inc
Cartersville, GA
Cousins Construction Group
Cartersville, GA
Door Tech Inc
Cartersville, GA
Siltanium Corporation
Cartersville, GA
D & D Contracting Group, LLC
Cartersville, GA
Industry PPP Comparison Statistics
Nationwide, 92,275 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 95% lower than ELY Concrete Construction, LLC's reported 172 employees, and received an average PPP loan of $86,934, 97% 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, 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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