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PPP Loan Data — Quality Construction & Production, LLC, Youngsville, LA

SBA PPP loan data, payroll data, and salaries for Quality Construction & Production, LLC
LA

Quality Construction & Production, LLC

Entity: Limited Liability Company (LLC)

Industry: Support Activities for Oil and Gas Operations

Location: Youngsville, LA

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Quality Construction & Production, LLC is a limited liability company (LLC) located at 425 Griffin Road in Youngsville, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,972,300.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least 181 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.97M

Jobs Retained:

181

Loan Approved:

2020-04-07

Lender:

SOUTH LOUISIANA BANK

Quality Construction & Production, LLC received a Paycheck Protection Loan of $2.97M through SOUTH LOUISIANA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Quality Construction & Production, LLC's total 2019 payroll expenses were approximately $14.27M in order to qualify for the PPP loan amount received.

Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $78,823 per employee1.

Because the loan received by Quality Construction & Production, 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 - Quality Construction & Production, LLC in Youngsville, LA

Quality Construction & Production, LLC
425 Griffin Road
Youngsville, LA 70592

Business Industry

Support Activities for Oil and Gas Operations (NAICS code 213112)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: LA-03

Similar Companies near Youngsville

In the Youngsville area, 31 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 181) and received an average PPP loan of $314,743 (compared to this company's $2.97M).

Industry PPP Comparison Statistics

Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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, 93% lower than Quality Construction & Production, LLC's reported 181 employees, and received an average PPP loan of $215,222, 93% lower than this company's loan of $2.97M.

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/quality-construction-and-production-llc-youngsville-la