PPP Loan Data — Engineered Structures, Inc., Meridian, ID
Engineered Structures, Inc.
Location: Meridian, IDTweet This • Search All PPP Data
Engineered Structures, Inc. is a corporation located at 3330 E. Louise Dr, Suite 300 in Meridian, Idaho that received a Coronavirus-related PPP loan from the SBA of $8,607,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 490 people during the applicable loan loan period.
$ PPP Loan Information
Lender:IDAHO FIRST BANK
Engineered Structures, Inc. received a Paycheck Protection Loan of $8.61M through IDAHO FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Engineered Structures, Inc.'s total 2019 payroll expenses were approximately $41.32M in order to qualify for the PPP loan amount received.
Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $84,322 per employee1.
Business Information - Engineered Structures, Inc. in Meridian, ID
3330 E. Louise Dr, Suite 300
Meridian, ID 83642
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: ID-01
Similar Companies near Meridian
In the Meridian area, 15 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 490) and received an average PPP loan of $846,761 (compared to this company's $8.61M).
Similar Nearby Businesses Who Received PPP Funding:
Pemb Construction Inc
Beniton Construction Co., Inc.
America Strong Construction LLC
Team Construction LLC
Blaser Building Specialties
HI-Grade Underground Inc
MH Construction LLC
The Russell Corporation
Select Investment & Management C
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 97% lower than Engineered Structures, Inc.'s reported 490 employees, and received an average PPP loan of $203,235, 98% lower than this company's loan of $8.61M.
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.
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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