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

PPP Loan Data — Four Square Industrial Constructors. LLC, Petersburg, VA

ALERT: There are 2 PPP loans for a total of $5.06M in our database for businesses with the name "Four Square Industrial Constructors. LLC" in Petersburg, VA. 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 Four Square Industrial Constructors. LLC
VA

Four Square Industrial Constructors. LLC

Entity: Limited Liability Company (LLC)

Industry: Industrial Building Construction

Location: Petersburg, VA

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Four Square Industrial Constructors. LLC is a limited liability company (LLC) located at 1 Four Square Industrial Dr in Petersburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.

$ PPP Loan Information
Loan #4258228809

Loan Size:

$2M

Jobs Retained:

294

Loan Approved:

2021-04-16

Loan Status:

Active Un-Disbursed

Lender:

First-Citizens Bank & Trust Company
PPP Funds Undisbursed

Four Square Industrial Constructors. LLC in Petersburg, VA received a Paycheck Protection Loan of $2M through First-Citizens Bank & Trust Company, which was approved in April, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in April, 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, Four Square Industrial Constructors. LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 294 jobs retained, this equals an estimated average yearly compensation of $32,653 per employee1

Reported PPP Proceed Usage:

On the PPP application, Four Square Industrial Constructors. LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Four Square Industrial Constructors. LLC 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 - Four Square Industrial Constructors. LLC in Petersburg, VA

Four Square Industrial Constructors. LLC
1 Four Square Industrial Dr
Petersburg, VA 23805

Business Industry:
Industrial Building Construction
NAICS code 236210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Petersburg City County, VA — SBA Office 0304 — Congressional District: VA-04

Industry PPP Comparison Statistics

Nationwide, 15,395 businesses in the "Industrial Building Construction" industry received a total of $2.2B 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, 96% lower than Four Square Industrial Constructors. LLC's reported 294 employees, and received an average PPP loan of $142,851, 93% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Four Square Industrial Constructors LLC
VA

Four Square Industrial Constructors LLC

Entity: Limited Liability Company (LLC)

Industry: Commercial and Institutional Building Construction

Location: Petersburg, VA

Search All PPP Data

Four Square Industrial Constructors LLC is a limited liability company (LLC) located at 1 Four Square Industrial Dr in Petersburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,056,700.00 in April, 2020.

$ PPP Loan Information
Loan #1428167307

Loan Size:

$3.06M

Jobs Retained:

192

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

First-Citizens Bank & Trust Company

Four Square Industrial Constructors LLC in Petersburg, VA received a Paycheck Protection Loan of $3.06M through First-Citizens Bank & Trust Company, which was approved in April, 2020.

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, Four Square Industrial Constructors LLC's 2019 payroll expenses are estimated to be at least $14.67M.

Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $76,418 per employee1

Reported PPP Proceed Usage:

On the PPP application, Four Square Industrial Constructors LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,056,700
Because the loan received by Four Square Industrial Constructors LLC 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 - Four Square Industrial Constructors LLC in Petersburg, VA

Four Square Industrial Constructors LLC
1 Four Square Industrial Dr
Petersburg, VA 23805

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Petersburg City County, VA — SBA Office 0304 — Congressional District: VA-04

Similar Companies near Petersburg

In the Petersburg area, 3 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 192) and received an average PPP loan of $1,042,183 (compared to this company's $3.06M).

Industry PPP Comparison Statistics

Nationwide, 72,986 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.27B 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 Four Square Industrial Constructors LLC's reported 192 employees, and received an average PPP loan of $168,179, 94% lower than this company's loan of $3.06M.

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.


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Source: www.federalpay.org/paycheck-protection-program/four-square-industrial-constructors-llc-petersburg-va