PPP Loan Data — High Desert Aggregate & Paving, Inc, Redmond, OR
High Desert Aggregate & Paving, Inc is a subchapter s corporation located at Po Box 1929 in Redmond, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,764,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
High Desert Aggregate & Paving, Inc in Redmond, OR received a Paycheck Protection Loan of $1.76M through KeyBank National Association, 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 March, 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, High Desert Aggregate & Paving, Inc's 2019 payroll expenses are estimated to be at least $8.47M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $81,420 per employee1
Reported PPP Proceed Usage:
On the PPP application, High Desert Aggregate & Paving, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,764,100
Business Information - High Desert Aggregate & Paving, Inc in Redmond, OR
Po Box 1929
Redmond, OR 97756
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Redmond
In the Redmond area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 104) and received an average PPP loan of $710,228 (compared to this company's $1.76M).
Similar Nearby Businesses Who Received PPP Funding:
Cascade Civil Corp
Marcum & Sons LLC
Industry PPP Comparison Statistics
Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B 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 26 employees, 75% lower than High Desert Aggregate & Paving, Inc's reported 104 employees, and received an average PPP loan of $341,702, 81% lower than this company's loan of $1.76M.
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Footnotes & Information
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