PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Patriot Contract Services, LLC, Concord, CA

SBA PPP loan data, payroll data, and salaries for Patriot Contract Services, LLC
CA

Patriot Contract Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Deep Sea Freight Transportation

Location: Concord, CA

Search All PPP Data

Patriot Contract Services, LLC is a limited liability company (LLC) located at 1320 Willow Pass Road Suite #485 in Concord, California that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$10M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-16

Lender:

LIVE OAK BANKING COMPANY

Patriot Contract Services, LLC in Concord, CA received a Paycheck Protection Loan of $10M through LIVE OAK BANKING COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Patriot Contract Services, LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.

Unlike most businesses, Patriot Contract Services, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Patriot Contract Services, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Patriot Contract Services, LLC in Concord, CA

Patriot Contract Services, LLC
1320 Willow Pass Road Suite #485
Concord, CA 94520

Business Industry

Deep Sea Freight Transportation (NAICS code 483111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-11

Industry PPP Comparison Statistics

Nationwide, 319 businesses in the "Deep Sea Freight Transportation" industry received a total of $70,130,048.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, and received an average PPP loan of $219,843, 98% lower than this company's loan of $10M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/patriot-contract-services-llc-concord-ca