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PPP Loan Data — Lancaster Burns Construction Inc., Roseville, CA

SBA PPP loan data, payroll data, and salaries for Lancaster Burns Construction Inc.
CA

Lancaster Burns Construction Inc.

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Roseville, CA

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Lancaster Burns Construction Inc. is a corporation located at 8655 Washington Blvd in Roseville, California that received a Coronavirus-related PPP loan from the SBA of $4,545,300.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 370 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.55M

Jobs Retained:

370

Loan Approved:

2020-04-09

Lender:

TRI COUNTIES BANK

Lancaster Burns Construction Inc. received a Paycheck Protection Loan of $4.55M through TRI COUNTIES BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lancaster Burns Construction Inc.'s total 2019 payroll expenses were approximately $21.82M in order to qualify for the PPP loan amount received.

Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $58,966 per employee1.

Because the loan received by Lancaster Burns Construction Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Lancaster Burns Construction Inc. in Roseville, CA

Lancaster Burns Construction Inc.
8655 Washington Blvd
Roseville, CA 95678

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-04

Similar Companies near Roseville

In the Roseville area, 16 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 370) and received an average PPP loan of $666,220 (compared to this company's $4.55M).

Industry PPP Comparison Statistics

Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 96% lower than Lancaster Burns Construction Inc.'s reported 370 employees, and received an average PPP loan of $203,235, 96% lower than this company's loan of $4.55M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/lancaster-burns-construction-inc-roseville-ca