PPP Loan Data — Priority Building Services LLC, Brea, CA
Priority Building Services LLC is a limited liability company (LLC) located at 521 Mercury Ln in Brea, California that received a Coronavirus-related PPP loan from the SBA of $2,219,246.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least 500 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Priority Building Services LLC in Brea, CA received a Paycheck Protection Loan of $2.22M through U.S. Bank, National Association, which was approved in April, 2020.
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, Priority Building Services LLC's 2019 payroll expenses are estimated to be at least $10.65M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $21,305 per employee1
Reported PPP Proceed Usage:
On the PPP application, Priority Building Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,219,246
Business Information - Priority Building Services LLC in Brea, CA
521 Mercury Ln
Brea, CA 92821
NAICS code 561720
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brea
In the Brea area, 19 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 500) and received an average PPP loan of $231,866 (compared to this company's $2.22M).
Similar Nearby Businesses Who Received PPP Funding:
Facility Masters Of Southern California
CMT Window Cleaning LLC
KC Power Clean Inc
Quality Building Services
US Metro Group, Inc
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Priority Building Services LLC's reported 500 employees, and received an average PPP loan of $30,311, 99% lower than this company's loan of $2.22M.
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Footnotes & Information
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