PPP Loan Data — Quigg Bros Inc, Aberdeen, WA
Quigg Bros Inc is a subchapter s corporation located at 819 W State St in Aberdeen, Washington that received a Coronavirus-related PPP loan from the SBA of $1,984,830.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Quigg Bros Inc in Aberdeen, WA received a Paycheck Protection Loan of $1.98M through Heritage Bank, 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, Quigg Bros Inc's 2019 payroll expenses are estimated to be at least $9.53M.
Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $68,541 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quigg Bros Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,984,830
Business Information - Quigg Bros Inc in Aberdeen, WA
819 W State St
Aberdeen, WA 98520
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Aberdeen
In the Aberdeen area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 139) and received an average PPP loan of $1,018,388 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
The Traffic Control Company Inc
Brumfield Construction Inc
Industry PPP Comparison Statistics
Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 26 employees, 81% lower than Quigg Bros Inc's reported 139 employees, and received an average PPP loan of $341,702, 83% lower than this company's loan of $1.98M.
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Footnotes & Information
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