PPP Loan Data — Pascual Steel Erectors Inc, Perris, CA
Pascual Steel Erectors Inc is a subchapter s corporation located at 22700 San Ave in Perris, California that received a Coronavirus-related PPP loan from the SBA of $45,807.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Pascual Steel Erectors Inc in Perris, CA received a Paycheck Protection Loan of $45,807 through U.S. Bank, National Association, which was approved in May, 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 March, 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, Pascual Steel Erectors Inc's 2019 payroll expenses are estimated to be at least $219,874.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,430 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pascual Steel Erectors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,807
Business Information - Pascual Steel Erectors Inc in Perris, CA
22700 San Ave
Perris, CA 92570
Structural Steel and Precast Concrete Contractors
NAICS code 238120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Perris
In the Perris area, 4 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 9) and received an average PPP loan of $192,121 (compared to this company's $45,807).
Similar Nearby Businesses Who Received PPP Funding:
Integrity Rebar Fabricators
Verda Steel Corp
Industry PPP Comparison Statistics
Nationwide, 3,902 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $1.02B 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 20 employees, 122% higher than Pascual Steel Erectors Inc's reported 9 employees, and received an average PPP loan of $260,319, 468% higher than this company's loan of $45,807.
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Footnotes & Information
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