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PPP Loan Data — Lehman Roberts Company, Memphis, TN

SBA PPP loan data, payroll data, and salaries for Lehman Roberts Company
TN

Lehman Roberts Company

Entity: Subchapter S Corporation

Industry: Highway, Street, and Bridge Construction

Location: Memphis, TN

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Lehman Roberts Company is a subchapter s corporation located at 670 S Cooper Street in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $4,044,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.04M

Jobs Retained:

218

Loan Approved:

2020-04-05

Lender:

EVOLVE BANK & TRUST

Lehman Roberts Company in Memphis, TN received a Paycheck Protection Loan of $4.04M through EVOLVE BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lehman Roberts Company's total 2019 payroll expenses were approximately $19.41M in order to qualify for the PPP loan amount received.

Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $89,055 per employee1.

Because the loan received by Lehman Roberts Company 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 - Lehman Roberts Company in Memphis, TN

Lehman Roberts Company
670 S Cooper Street
Memphis, TN 38104

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-09

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 88% lower than Lehman Roberts Company's reported 218 employees, and received an average PPP loan of $405,656, 90% lower than this company's loan of $4.04M.

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, 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/lehman-roberts-company-memphis-tn