PPP Loan Data — Ravco Construction Co, Gilbertsville, PA
Ravco Construction Co
Location: Gilbertsville, PATweet This • Search All PPP Data
Ravco Construction Co is a corporation located at 2746 Saint Anthony Way in Gilbertsville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Ambler Savings Bank
Ravco Construction Co in Gilbertsville, PA received a Paycheck Protection Loan of $25,200 through Ambler Savings Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Ravco Construction Co's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ravco Construction Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Ravco Construction Co in Gilbertsville, PA
2746 Saint Anthony Way
Gilbertsville, PA 19525
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gilbertsville
In the Gilbertsville area, 8 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $40,682 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Furnace Stream Farms LTD
Hollenbach Construction, Inc
Willow Mill Farms LLC
RAJ Foods LLC
Ravco Construction Company
Bluefin Electrical Services
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 300% higher than Ravco Construction Co's reported 3 employees, and received an average PPP loan of $157,325, 524% higher than this company's loan of $25,200.
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