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PPP Loan Data — Haitbrink Asphalt Paving, Inc., Corona, CA

SBA PPP loan data, payroll data, and salaries for Haitbrink Asphalt Paving, Inc.
CA

Haitbrink Asphalt Paving, Inc.

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Corona, CA

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Haitbrink Asphalt Paving, Inc. is a corporation located at 1480 Magnolia Ave in Corona, California that received a Coronavirus-related PPP loan from the SBA of $892,902.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 55 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$892,902

Jobs Retained:

55

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Haitbrink Asphalt Paving, Inc. received a Paycheck Protection Loan of $892,902 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Haitbrink Asphalt Paving, Inc.'s total 2019 payroll expenses were approximately $4.29M in order to qualify for the PPP loan amount received.

Based on their reported 55 jobs retained, this equals an estimated average yearly compensation of $77,926 per employee1.

Business Information - Haitbrink Asphalt Paving, Inc. in Corona, CA

Haitbrink Asphalt Paving, Inc.
1480 Magnolia Ave
Corona, CA 92879

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-42

Similar Companies near Corona

In the Corona area, 5 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 55) and received an average PPP loan of $1,655,285 (compared to this company's $892,902).

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 53% lower than Haitbrink Asphalt Paving, Inc.'s reported 55 employees, and received an average PPP loan of $405,656, 55% lower than this company's loan of $892,902.

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. 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/haitbrink-asphalt-paving-inc-corona-ca