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PPP Loan Data — Generation Pool Plastering, Inc,
West Sacramento, CA
Generation Pool Plastering, Inc
Entity: Corporation
Industry: All Other Specialty Trade Contractors
Location: West Sacramento, CA
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Generation Pool Plastering, Inc is a corporation located at 1024 Soule St West in West Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $229,500.00 in August, 2020.
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PPP Loan Information
Loan #4218848203
Loan Size:
Jobs Retained:
25Loan Approved:
2020-08-06Loan Status:
Ongoing LoanLender:
Umpqua BankGeneration Pool Plastering, Inc in West Sacramento, CA received a Paycheck Protection Loan of $229,500 through Umpqua Bank, which was approved in August, 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 MoreUnderstanding 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 MoreBased 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, Generation Pool Plastering, Inc's 2019 payroll expenses are estimated to be at least $1.1M.
Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $44,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, Generation Pool Plastering, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $229,500
Business Information - Generation Pool Plastering, Inc in West Sacramento, CA
1024 Soule St West
West Sacramento, CA 95691
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
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
Similar Companies near West Sacramento
In the West Sacramento area, 9 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 25) and received an average PPP loan of $443,494 (compared to this company's $229,500).
Similar Nearby Businesses Who Received PPP Funding:
Blazona Concrete Construction Inc
West Sacramento, CA
Door 28, Inc
West Sacramento, CA
River City Fence Inc
West Sacramento, CA
Glass West Inc
West Sacramento, CA
Glass West Inc
West Sacramento, CA
Door 28 Inc
West Sacramento, CA
Custom Agronomic Solutions Inc
West Sacramento, CA
Mckeever Masonry, Inc
W Sacramento, CA
Industry PPP Comparison Statistics
Nationwide, 77,702 businesses in the "All Other Specialty Trade Contractors" industry received a total of $7.58B 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 9 employees, 64% lower than Generation Pool Plastering, Inc's reported 25 employees, and received an average PPP loan of $97,534, 58% lower than this company's loan of $229,500.
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.
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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