PPP Loan Data — Legacy Framers, Inc, Pittsburg, CA
Legacy Framers, Inc
Location: Pittsburg, CATweet This • Search All PPP Data
Legacy Framers, Inc is a corporation located at 980 Garcia Ave in Pittsburg, California that received a Coronavirus-related PPP loan from the SBA of $2,512,104.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Heritage Bank of Commerce
Legacy Framers, Inc in Pittsburg, CA received a Paycheck Protection Loan of $2.51M through Heritage Bank of Commerce, 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, Legacy Framers, Inc's 2019 payroll expenses are estimated to be at least $12.06M.
Based on their reported 252 jobs retained, this equals an estimated average yearly compensation of $47,850 per employee1
Reported PPP Proceed Usage:
On the PPP application, Legacy Framers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,512,104
Business Information - Legacy Framers, Inc in Pittsburg, CA
980 Garcia Ave
Pittsburg, CA 94565
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pittsburg
In the Pittsburg area, 26 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 252) and received an average PPP loan of $140,724 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Wall 2 Wall Construction
Bay Point, CA
Roofener & Son Construction
RBE Construction Inc
Bay Point, CA
ASH Havens Construction Inc
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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, 98% lower than Legacy Framers, Inc's reported 252 employees, and received an average PPP loan of $45,182, 98% lower than this company's loan of $2.51M.
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Footnotes & Information
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