PPP Loan Data — M. Bedford Construction LLC, Jacksonville, FL
M. Bedford Construction LLC
Entity: Limited Liability Company (LLC)
Location: Jacksonville, FLTweet This • Search All PPP Data
M. Bedford Construction LLC is a limited liability company (LLC) located at 11830 Catrakee Dr in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $19,128.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
M. Bedford Construction LLC in Jacksonville, FL received a Paycheck Protection Loan of $19,128 through VyStar CU, which was approved in January, 2021.
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, M. Bedford Construction LLC's 2019 payroll expenses are estimated to be at least $91,814.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $30,605 per employee1
Reported PPP Proceed Usage:
On the PPP application, M. Bedford Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,126
- Utilities: $1
Business Information - M. Bedford Construction LLC in Jacksonville, FL
11830 Catrakee Dr
Jacksonville, FL 32223
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: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 28 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $44,884 (compared to this company's $19,128).
Similar Nearby Businesses Who Received PPP Funding:
Pedro Tellez Catala
Blosam Constructors, Inc
GEO Tech Development Corp
Jhonson Construction Inc
LJM Builders, LLC
Glenn Layton Homes
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Painting Specialties & Remodeling
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, 67% higher than M. Bedford Construction LLC's reported 3 employees, and received an average PPP loan of $45,182, 136% higher than this company's loan of $19,128.
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