PPP Loan Data — Mesa Construction Of Virginia, Smithfield, VA
Mesa Construction Of Virginia
Entity: Subchapter S Corporation
Location: Smithfield, VATweet This • Search All PPP Data
Mesa Construction Of Virginia is a subchapter s corporation located at 19351 Battery Park Road in Smithfield, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mesa Construction Of Virginia in Smithfield, VA received a Paycheck Protection Loan of $25,100 through Farmers Bank, which was approved in April, 2020.
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 April, 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, Mesa Construction Of Virginia's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,387 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mesa Construction Of Virginia reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Mesa Construction Of Virginia in Smithfield, VA
19351 Battery Park Road
Smithfield, VA 23430
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: Rural
Similar Companies near Smithfield
In the Smithfield area, 4 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 9) and received an average PPP loan of $23,622 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Browns Enterprises LLC
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, 44% lower than Mesa Construction Of Virginia's reported 9 employees, and received an average PPP loan of $45,182, 80% higher than this company's loan of $25,100.
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Footnotes & Information
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