PPP Loan Data — Intal Construction Inc, Coral Gables, FL
Intal Construction Inc
Entity: Subchapter S Corporation
Location: Coral Gables, FLTweet This • Search All PPP Data
Intal Construction Inc is a subchapter s corporation located at 215 Sw 42nd Ave in Coral Gables, Florida that received a Coronavirus-related PPP loan from the SBA of $4,333,390.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Intal Construction Inc in Coral Gables, FL received a Paycheck Protection Loan of $4.33M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 182 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 208.
Based on standard PPP eligibility rules, Intal Construction Inc's total 2019 payroll expenses were approximately $20.8M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 182 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Intal Construction Inc in Coral Gables, FL
215 Sw 42nd Ave
Coral Gables, FL 33134
New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-27
Similar Companies near Coral Gables
In the Coral Gables area, 54 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 182) and received an average PPP loan of $130,562 (compared to this company's $4.33M).
Similar Nearby Businesses Who Received PPP Funding:
Reinery Romero Rojas
Jarosz Development Corp
Coral Gables, FL
Coral Gables, FL
Titan Construction Group, Inc.
CC Global Inc.
Rasiel Miranda Paz
Nguyen Canton Aguila
Garmon Construction Corporation
Industry PPP Comparison Statistics
Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 97% lower than Intal Construction Inc's reported 182 employees, and received an average PPP loan of $58,566, 99% lower than this company's loan of $4.33M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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