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PPP Loan Data — PK Contracting, Inc.,
Troy, MI
PK Contracting, Inc.
Entity: Subchapter S Corporation
Industry: Highway, Street, and Bridge Construction
Location: Troy, MI
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PK Contracting, Inc. is a subchapter s corporation located at 1965 Barrett Dr in Troy, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,318,500.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least 287 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
287Loan Approved:
2020-05-06Lender:
CAPITOL NATIONAL BANKPK Contracting, Inc. received a Paycheck Protection Loan of $3.32M through CAPITOL NATIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, PK Contracting, Inc.'s total 2019 payroll expenses were approximately $15.93M in order to qualify for the PPP loan amount received.
Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $55,501 per employee1.
Business Information - PK Contracting, Inc. in Troy, MI
1965 Barrett Dr
Troy, MI 48084
Business Industry
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-11Similar Companies near Troy
In the Troy area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 244 employees (compared to this company's 287) and received an average PPP loan of $3,319,533 (compared to this company's $3.32M).
Similar Nearby Businesses Who Received PPP Funding:
HMC, LLC
Troy, MI
Ajax Paving Industries, Inc
Troy, MI
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 91% lower than PK Contracting, Inc.'s reported 287 employees, and received an average PPP loan of $405,656, 88% lower than this company's loan of $3.32M.
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.
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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