PPP Loan Data — Grady Crawford Construction Company, Inc. Of Baton Rouge, Baton Rouge, LA
Grady Crawford Construction Company, Inc. Of Baton Rouge is a corporation located at 12290 Greenwell Springs Road in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,835,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Hancock Whitney Bank
Grady Crawford Construction Company, Inc. Of Baton Rouge in Baton Rouge, LA received a Paycheck Protection Loan of $1.84M through Hancock Whitney Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Grady Crawford Construction Company, Inc. Of Baton Rouge's 2019 payroll expenses are estimated to be at least $8.81M.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $45,402 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grady Crawford Construction Company, Inc. Of Baton Rouge reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,835,000
Business Information - Grady Crawford Construction Company, Inc. Of Baton Rouge in Baton Rouge, LA
12290 Greenwell Springs Road
Baton Rouge, LA 70814
Other Heavy and Civil Engineering Construction
NAICS code 237990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baton Rouge
In the Baton Rouge area, 2 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 171 employees (compared to this company's 194) and received an average PPP loan of $1,744,299 (compared to this company's $1.84M).
Similar Nearby Businesses Who Received PPP Funding:
Grady Crawford Construction Co
Baton Rouge, LA
Industry PPP Comparison Statistics
Nationwide, 11,233 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 91% lower than Grady Crawford Construction Company, Inc. Of Baton Rouge's reported 194 employees, and received an average PPP loan of $234,414, 87% lower than this company's loan of $1.84M.
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Footnotes & Information
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