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PPP Loan Data — F J Willert Contracting Co Inc, Chula Vista, CA

SBA PPP loan data, payroll data, and salaries for F J Willert Contracting Co Inc
CA

F J Willert Contracting Co Inc

Entity: Corporation

Industry: Other Heavy and Civil Engineering Construction

Location: Chula Vista, CA

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F J Willert Contracting Co Inc is a corporation located at 1869 Nirvana Avenue in Chula Vista, California that received a Coronavirus-related PPP loan from the SBA of $2,919,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 180 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.92M

Jobs Retained:

180

Loan Approved:

2020-04-16

Lender:

ZIONS BANK, A DIVISION OF

F J Willert Contracting Co Inc received a Paycheck Protection Loan of $2.92M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, F J Willert Contracting Co Inc's total 2019 payroll expenses were approximately $14.01M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $77,843 per employee1.

Because the loan received by F J Willert Contracting Co 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 - F J Willert Contracting Co Inc in Chula Vista, CA

F J Willert Contracting Co Inc
1869 Nirvana Avenue
Chula Vista, CA 91911

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-51

Similar Companies near Chula Vista

In the Chula Vista area, 2 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 180) and received an average PPP loan of $1,482,300 (compared to this company's $2.92M).

Similar Nearby Businesses Who Received PPP Funding:

Montano Pipeline, Inc.
Chula Vista, CA

$45,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 89% lower than F J Willert Contracting Co Inc's reported 180 employees, and received an average PPP loan of $308,548, 89% lower than this company's loan of $2.92M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/f-j-willert-contracting-co-inc-chula-vista-ca