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PPP Loan Data — Epic Concrete Construction Inc, Kansas City, MO

SBA PPP loan data, payroll data, and salaries for Epic Concrete Construction Inc
MO

Epic Concrete Construction Inc

Entity: Corporation

Industry: Poured Concrete Foundation and Structure Contractors

Location: Kansas City, MO

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Epic Concrete Construction Inc is a corporation located at 3810 Fremont Ave in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,229,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.23M
Likely Employment Reduction3

Jobs Retained:

133

Loan Approved:

2020-04-04

Lender:

CENTRAL BANK OF THE MIDWEST

Epic Concrete Construction Inc received a Paycheck Protection Loan of $3.23M through CENTRAL BANK OF THE MIDWEST, which was approved in April, 2020.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 133 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 155.

Based on standard PPP eligibility rules, Epic Concrete Construction Inc's total 2019 payroll expenses were approximately $15.5M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.

Because the 133 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Because the loan received by Epic Concrete Construction Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Epic Concrete Construction Inc in Kansas City, MO

Epic Concrete Construction Inc
3810 Fremont Ave
Kansas City, MO 64129

Business Industry

Poured Concrete Foundation and Structure Contractors (NAICS code 238110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-05

Similar Companies near Kansas City

In the Kansas City area, 2 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 133) and received an average PPP loan of $1,670,648 (compared to this company's $3.23M).

Similar Nearby Businesses Who Received PPP Funding:

Calvert's Concrete, LLC
Kansas City, MO

$111,996 PPP Loan

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, 89% lower than Epic Concrete Construction Inc's reported 133 employees, and received an average PPP loan of $177,269, 95% lower than this company's loan of $3.23M.

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.

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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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/epic-concrete-construction-inc-kansas-city-mo