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PPP Loan Data — Lancaster Burns Construction Inc,
Roseville, CA
Lancaster Burns Construction Inc
Entity: Corporation
Industry: Framing Contractors
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 $2,000,000.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 205 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4409908407
Loan Size:
Jobs Retained:
205Loan Approved:
2021-02-06Loan Status:
Paid in Full or ForgivenLender:
Tri Counties BankLancaster Burns Construction Inc in Roseville, CA received a Paycheck Protection Loan of $2M through Tri Counties Bank, which was approved in February, 2021.
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 January, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Lancaster Burns Construction Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $46,829 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lancaster Burns Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Lancaster Burns Construction Inc in Roseville, CA
8655 Washington Blvd
Roseville, CA 95678
Business Industry:
Framing Contractors
NAICS code 238130
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Roseville
In the Roseville area, 2 businesses in the "Framing Contractors" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 205) and received an average PPP loan of $1,057,797 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
CCC Enterprises LLC
Roseville, CA
Industry PPP Comparison Statistics
Nationwide, 9,666 businesses in the "Framing Contractors" industry received a total of $719.76M 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 8 employees, 96% lower than Lancaster Burns Construction Inc's reported 205 employees, and received an average PPP loan of $74,463, 96% lower than this company's loan of $2M.
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 #9257607004
Loan Size:
Jobs Retained:
370Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Tri Counties BankLancaster Burns Construction Inc in Roseville, CA received a Paycheck Protection Loan of $4.55M through Tri Counties Bank, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Lancaster Burns Construction Inc's 2019 payroll expenses are estimated to be at least $21.82M.
Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $58,966 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lancaster Burns Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,545,300
Business Information - Lancaster Burns Construction Inc in Roseville, CA
8655 Washington Blvd
Roseville, CA 95678
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Roseville
In the Roseville area, 24 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 370) and received an average PPP loan of $603,580 (compared to this company's $4.55M).
Similar Nearby Businesses Who Received PPP Funding:
Cobex Construction Group
Roseville, CA
Flint Builders, Inc
Roseville, CA
PBM Construction Inc
Rocklin, CA
Bluepoint Builders Inc
Rocklin, CA
Simple Earth Foods Inc
Rocklin, CA
Maranatha Volunteers International Inc
Roseville, CA
J.t. Bannan Construction, Inc
Rocklin, CA
J Bender Company
Rocklin, CA
GP Development Inc
Roseville, CA
Industry PPP Comparison Statistics
Nationwide, 77,341 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.36B 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 12 employees, 97% lower than Lancaster Burns Construction Inc's reported 370 employees, and received an average PPP loan of $159,802, 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. 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.
Footnotes & Information
1. Estimations for informational purposes only. 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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