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PPP Loan Data — Olson Precast Company, Las Vegas, NV

SBA PPP loan data, payroll data, and salaries for Olson Precast Company

Olson Precast Company

Entity: Corporation

Industry: Other Concrete Product Manufacturing

Location: Las Vegas, NV

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Olson Precast Company is a corporation located at 2810 N Nellis Blvd Ste 100 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $1,957,983.00 in April, 2020.

$ PPP Loan Information
Loan #1415957200

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Bank of America, National Association

Olson Precast Company in Las Vegas, NV received a Paycheck Protection Loan of $1.96M through Bank of America, National Association, 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 May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

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Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Olson Precast Company's 2019 payroll expenses are estimated to be at least $9.4M.

Based on their reported 105 jobs retained, this equals an estimated average yearly compensation of $89,508 per employee1

Reported PPP Proceed Usage:

On the PPP application, Olson Precast Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,957,983

Business Information - Olson Precast Company in Las Vegas, NV

Olson Precast Company
2810 N Nellis Blvd Ste 100
Las Vegas, NV 89115

Business Industry:
Other Concrete Product Manufacturing
NAICS code 327390

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-04

Similar Companies near Las Vegas

In the Las Vegas area, 2 businesses in the "Other Concrete Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 105) and received an average PPP loan of $1,112,258 (compared to this company's $1.96M).

Similar Nearby Businesses Who Received PPP Funding:

Fiore Stone Inc
Las Vegas, NV

$266,532 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,600 businesses in the "Other Concrete Product Manufacturing" industry received a total of $367.53M 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 22 employees, 79% lower than Olson Precast Company's reported 105 employees, and received an average PPP loan of $229,704, 88% lower than this company's loan of $1.96M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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