PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — E&M Drywall Inc, Cape Coral, FL

ALERT: There are 2 PPP loans for a total of $94,040 in our database for businesses with the name "E&M Drywall Inc" in Cape Coral, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for E&M Drywall Inc
FL

E&M Drywall Inc

Entity: Corporation

Industry: Drywall and Insulation Contractors

Location: Cape Coral, FL

Search All PPP Data

E&M Drywall Inc is a corporation located at 1630 Sw 15th Pl in Cape Coral, Florida that received a Coronavirus-related PPP loan from the SBA of $47,020.00 in March, 2021.

The company has reported itself as a female owned business, and employed at least eleven people during the applicable loan loan period.

$ PPP Loan Information
Loan #5900628509

Loan Size:

$47,020

Jobs Retained:

11

Loan Approved:

2021-03-02

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

E&M Drywall Inc in Cape Coral, FL received a Paycheck Protection Loan of $47,020 through Bank of America, National Association, 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 More
Understanding 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 More

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&M Drywall Inc's 2019 payroll expenses are estimated to be at least $225,696.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,518 per employee1

Reported PPP Proceed Usage:

On the PPP application, E&M Drywall Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $47,020

Business Information - E&M Drywall Inc in Cape Coral, FL

E&M Drywall Inc
1630 Sw 15th Pl
Cape Coral, FL 33991

Business Industry:
Drywall and Insulation Contractors
NAICS code 238310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lee County, FL — SBA Office 0455 — Congressional District: FL-19

Similar Companies near Cape Coral

In the Cape Coral area, 5 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 11) and received an average PPP loan of $29,760 (compared to this company's $47,020).

Industry PPP Comparison Statistics

Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B 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 11 employees, the same amount reported by E&M Drywall Inc and received an average PPP loan of $128,649, 174% higher than this company's loan of $47,020.

SBA PPP loan data, payroll data, and salaries for E&M Drywall, Inc
FL

E&M Drywall, Inc

Entity: Corporation

Industry: Drywall and Insulation Contractors

Location: Cape Coral, FL

Search All PPP Data

E&M Drywall, Inc is a corporation located at 1630 Sw 15th Pl in Cape Coral, Florida that received a Coronavirus-related PPP loan from the SBA of $47,020.00 in May, 2020.

The company has reported itself as a female owned business, and employed at least seventeen people during the applicable loan loan period.

$ PPP Loan Information
Loan #5297927710

Loan Size:

$47,020

Jobs Retained:

17

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

E&M Drywall, Inc in Cape Coral, FL received a Paycheck Protection Loan of $47,020 through Bank of America, National Association, which was approved in May, 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

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 More
Understanding 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 More

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&M Drywall, Inc's 2019 payroll expenses are estimated to be at least $225,696.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $13,276 per employee1

Reported PPP Proceed Usage:

On the PPP application, E&M Drywall, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $47,020

Business Information - E&M Drywall, Inc in Cape Coral, FL

E&M Drywall, Inc
1630 Sw 15th Pl
Cape Coral, FL 33991

Business Industry:
Drywall and Insulation Contractors
NAICS code 238310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lee County, FL — SBA Office 0455 — Congressional District: FL-19

Similar Companies near Cape Coral

In the Cape Coral area, 5 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 17) and received an average PPP loan of $29,760 (compared to this company's $47,020).

Industry PPP Comparison Statistics

Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B 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 11 employees, 35% lower than E&M Drywall, Inc's reported 17 employees, and received an average PPP loan of $128,649, 174% higher than this company's loan of $47,020.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/em-drywall-inc-cape-coral-fl