PPP Loan Data — Grijalva Contractors, Inc, Bakersfield, CA
Grijalva Contractors, Inc is a corporation located at 12700 Rosedale Hwy #a in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $1,868,700.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 148 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Valley Strong CU
Grijalva Contractors, Inc in Bakersfield, CA received a Paycheck Protection Loan of $1.87M through Valley Strong CU, which was approved in April, 2020.
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, Grijalva Contractors, Inc's 2019 payroll expenses are estimated to be at least $8.97M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $60,606 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grijalva Contractors, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,868,700
Business Information - Grijalva Contractors, Inc in Bakersfield, CA
12700 Rosedale Hwy #a
Bakersfield, CA 93312
All Other Miscellaneous Waste Management Services
NAICS code 562998
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bakersfield
In the Bakersfield area, 5 businesses in the "All Other Miscellaneous Waste Management Services" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 148) and received an average PPP loan of $424,760 (compared to this company's $1.87M).
Similar Nearby Businesses Who Received PPP Funding:
Hudson Granite & Marble, Inc
Built Wright Home Inspection LLC
Empire Janitoria & Property Maintenance
Bakersfield Dot Consulting
Industry PPP Comparison Statistics
Nationwide, 3,062 businesses in the "All Other Miscellaneous Waste Management Services" industry received a total of $304.52M 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 10 employees, 93% lower than Grijalva Contractors, Inc's reported 148 employees, and received an average PPP loan of $99,451, 95% lower than this company's loan of $1.87M.
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Footnotes & Information
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