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PPP Loan Data — Patriot Framing LLC, Las Vegas, NV

SBA PPP loan data, payroll data, and salaries for Patriot Framing LLC
NV

Patriot Framing LLC

Entity: Limited Liability Company (LLC)

Industry: Framing Contractors

Location: Las Vegas, NV

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Patriot Framing LLC is a limited liability company (LLC) located at 3638 N Rancho Drive in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $4,423,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.42M

Jobs Retained:

470

Loan Approved:

2020-04-14

Lender:

ZIONS BANK, A DIVISION OF

Patriot Framing LLC received a Paycheck Protection Loan of $4.42M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Patriot Framing LLC's total 2019 payroll expenses were approximately $21.23M in order to qualify for the PPP loan amount received.

Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $45,174 per employee1.

Because the loan received by Patriot Framing 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 Framing LLC in Las Vegas, NV

Patriot Framing LLC
3638 N Rancho Drive
Las Vegas, NV 89130

Business Industry

Framing Contractors (NAICS code 238130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NV-04

Similar Companies near Las Vegas

In the Las Vegas area, 2 businesses in the "Framing Contractors" industry received a PPP loan. These local businesses reported an average of 235 employees (compared to this company's 470) and received an average PPP loan of $2,212,692 (compared to this company's $4.42M).

Similar Nearby Businesses Who Received PPP Funding:

Las Vegas Best Garage Door Repair
Las Vegas, NV

$2,083 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,834 businesses in the "Framing Contractors" industry received a total of $495,274,048.00 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 8 employees, 98% lower than Patriot Framing LLC's reported 470 employees, and received an average PPP loan of $102,456, 98% lower than this company's loan of $4.42M.

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/patriot-framing-llc-las-vegas-nv