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PPP Loan Data — LC General Engineering & Construction, San Francisco, CA

SBA PPP loan data, payroll data, and salaries for LC General Engineering & Construction

LC General Engineering & Construction

Entity: Corporation

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: San Francisco, CA

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LC General Engineering & Construction is a corporation located at 1596 Hudson Ave in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $516,606.00 in February, 2021.

The company has reported itself as a White male owned business, and employed at least 55 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1903398509

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


East West Bank

LC General Engineering & Construction in San Francisco, CA received a Paycheck Protection Loan of $516,606 through East West 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 February, 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 More
Understanding 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 More

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, LC General Engineering & Construction's 2019 payroll expenses are estimated to be at least $2.48M.

Based on their reported 55 jobs retained, this equals an estimated average yearly compensation of $45,086 per employee1

Reported PPP Proceed Usage:

On the PPP application, LC General Engineering & Construction reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $516,603
  • Utilities: $1

Business Information - LC General Engineering & Construction in San Francisco, CA

LC General Engineering & Construction
1596 Hudson Ave
San Francisco, CA 94124

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as LC General Engineering & Construction.

Priority Architectural Graphics, Inc
Sign Manufacturing

$466,625 PPP Loan

LC General Engineering & Construction, Inc
Electrical Contractors and Other Wiring Installation Contractors

$483,743 PPP Loan

Similar Companies near San Francisco

In the San Francisco area, 40 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 55) and received an average PPP loan of $668,424 (compared to this company's $516,606).

Industry PPP Comparison Statistics

Nationwide, 81,487 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.75B 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 11 employees, 80% lower than LC General Engineering & Construction's reported 55 employees, and received an average PPP loan of $144,186, 72% lower than this company's loan of $516,606.

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.

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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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** This Document Provided By - The Civil Employee's Resource **