PPP Loan Data — Reyes Construction Inc, Pomona, CA
Reyes Construction Inc is a corporation located at 3186 S Signal Drive in Pomona, California that received a Coronavirus-related PPP loan from the SBA of $1,725,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 102 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Pacific Western Bank
Reyes Construction Inc in Pomona, CA received a Paycheck Protection Loan of $1.73M through Pacific Western 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, Reyes Construction Inc's 2019 payroll expenses are estimated to be at least $8.28M.
Based on their reported 102 jobs retained, this equals an estimated average yearly compensation of $81,176 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reyes Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,725,000
Business Information - Reyes Construction Inc in Pomona, CA
3186 S Signal Drive
Pomona, CA 91768
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
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, 75% lower than Reyes Construction Inc's reported 102 employees, and received an average PPP loan of $341,702, 80% lower than this company's loan of $1.73M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!