PPP Loan Data — Peck & Hiller Company, Napa, CA
Peck & Hiller Company is a corporation located at 870 Napa Valley Corp Way Suite A in Napa, California that received a Coronavirus-related PPP loan from the SBA of $4,382,987.00 in April, 2020.
$ PPP Loan Information
Peck & Hiller Company in Napa, CA received a Paycheck Protection Loan of $4.38M through MECHANICS BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 165 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 210.
Based on standard PPP eligibility rules, Peck & Hiller Company's total 2019 payroll expenses were approximately $21.04M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 165 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Peck & Hiller Company in Napa, CA
870 Napa Valley Corp Way Suite A
Napa, CA 94558
Structural Steel and Precast Concrete Contractors (NAICS code 238120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-05
Industry PPP Comparison Statistics
Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, 87% lower than Peck & Hiller Company's reported 165 employees, and received an average PPP loan of $333,066, 92% lower than this company's loan of $4.38M.
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Footnotes & Information
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