PPP Loan Data — New Wave Construction Inc DBA Sierra Glass Block, Sacramento, CA
New Wave Construction Inc DBA Sierra Glass Block is a subchapter s corporation located at 8230 Belvedere Ave Ste E in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $46,581.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
New Wave Construction Inc DBA Sierra Glass Block in Sacramento, CA received a Paycheck Protection Loan of $46,581 through Banner Bank, 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, New Wave Construction Inc DBA Sierra Glass Block's 2019 payroll expenses are estimated to be at least $223,589.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,718 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Wave Construction Inc DBA Sierra Glass Block reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,577
- Utilities: $1
Business Information - New Wave Construction Inc DBA Sierra Glass Block in Sacramento, CA
8230 Belvedere Ave Ste E
Sacramento, CA 95826
NAICS code 238140
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 4 businesses in the "Masonry Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 5) and received an average PPP loan of $167,065 (compared to this company's $46,581).
Similar Nearby Businesses Who Received PPP Funding:
Sidewalk Safety Inc
Sierra Glass Block
Capitol City Stucco Inc
Industry PPP Comparison Statistics
Nationwide, 16,648 businesses in the "Masonry Contractors" industry received a total of $1.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 80% higher than New Wave Construction Inc DBA Sierra Glass Block's reported 5 employees, and received an average PPP loan of $99,369, 113% higher than this company's loan of $46,581.
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Footnotes & Information
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