PPP Loan Data — Hylkema Roofing Company, Inc. DBA Superior Roofing Co, Brea, CA
Hylkema Roofing Company, Inc. DBA Superior Roofing Co is a corporation located at 2913 Saturn Unit C in Brea, California that received a Coronavirus-related PPP loan from the SBA of $2,283,565.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Hylkema Roofing Company, Inc. DBA Superior Roofing Co in Brea, CA received a Paycheck Protection Loan of $2.28M through JPMorgan Chase Bank, National Association, 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, Hylkema Roofing Company, Inc. DBA Superior Roofing Co's 2019 payroll expenses are estimated to be at least $10.96M.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $60,895 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hylkema Roofing Company, Inc. DBA Superior Roofing Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,758,565
- Utilities: $5,000
- Rent: $20,000
- Health Care: $500,000
Business Information - Hylkema Roofing Company, Inc. DBA Superior Roofing Co in Brea, CA
2913 Saturn Unit C
Brea, CA 92821
NAICS code 238160
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brea
In the Brea area, 5 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 180) and received an average PPP loan of $879,348 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
Hylkema Roofing Company Inc
The Roof Depot Inc
Bravo Roofing Inc
Industry PPP Comparison Statistics
Nationwide, 28,905 businesses in the "Roofing Contractors" industry received a total of $2.88B 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, 95% lower than Hylkema Roofing Company, Inc. DBA Superior Roofing Co's reported 180 employees, and received an average PPP loan of $99,538, 96% lower than this company's loan of $2.28M.
FederalPay's PPP Information Policy
Footnotes & Information
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