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PPP Loan Data — Lehman Roberts Company,
Memphis, 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:
Jobs Retained:
218Loan Approved:
2020-04-05Lender:
EVOLVE BANK & TRUSTLehman 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.
Business Information - Lehman Roberts Company in Memphis, TN
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-09Industry 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.
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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