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PPP Loan Data — Robert Heely Construction LP,
Bakersfield, CA
Robert Heely Construction LP
Entity: Partnership
Industry: Oil and Gas Pipeline and Related Structures Construction
Location: Bakersfield, CA
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Robert Heely Construction LP is a partnership located at 5401 Woodmere Dr in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 180 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5436068306
Loan Size:
Jobs Retained:
180Loan Approved:
2021-01-25Loan Status:
Paid in Full or ForgivenLender:
Valley Republic BankRobert Heely Construction LP in Bakersfield, CA received a Paycheck Protection Loan of $2M through Valley Republic Bank, which was approved in January, 2021.
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 October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert Heely Construction LP's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $53,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert Heely Construction LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Robert Heely Construction LP in Bakersfield, CA
5401 Woodmere Dr
Bakersfield, CA 93313
Business Industry:
Oil and Gas Pipeline and Related Structures Construction
NAICS code 237120
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Robert Heely Construction LP.
RHC Midcon LP
Oil and Gas Pipeline and Related Structures Construction
Similar Companies near Bakersfield
In the Bakersfield area, 15 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 180) and received an average PPP loan of $437,886 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Cymric Consulting Inc
Bakersfield, CA
Mark Sheffield Construction Inc
Bakersfield, CA
Jaelynn Turk
Bakersfield, CA
Natural Solutions Dust Control
Bakersfield, CA
Falcon Services & Construction, Inc
Bakersfield, CA
Crider Constructioninc
Bakersfield, CA
Robert Heely Inc
Bakersfield, CA
R & O Fishing Tools, Inc
Bakersfield, CA
Industry PPP Comparison Statistics
Nationwide, 3,016 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $1.06B 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 23 employees, 87% lower than Robert Heely Construction LP's reported 180 employees, and received an average PPP loan of $349,903, 83% lower than this company's loan of $2M.
Robert Heely Construction, LP
Entity: Partnership
Industry: Oil and Gas Pipeline and Related Structures Construction
Location: Bakersfield, CA
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•
Search All PPP Data
Robert Heely Construction, LP is a partnership located at 5401 Woodmere Dr. in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $3,378,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 318 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3409517102
Loan Size:
Jobs Retained:
318Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
Valley Republic BankRobert Heely Construction, LP in Bakersfield, CA received a Paycheck Protection Loan of $3.38M through Valley Republic 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert Heely Construction, LP's 2019 payroll expenses are estimated to be at least $16.22M.
Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $51,002 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert Heely Construction, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,378,900
Business Information - Robert Heely Construction, LP in Bakersfield, CA
5401 Woodmere Dr.
Bakersfield, CA 93313
Business Industry:
Oil and Gas Pipeline and Related Structures Construction
NAICS code 237120
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Robert Heely Construction, LP.
Robert Heely Inc
Oil and Gas Pipeline and Related Structures Construction
Similar Companies near Bakersfield
In the Bakersfield area, 15 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 318) and received an average PPP loan of $437,886 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
Cymric Consulting Inc
Bakersfield, CA
Mark Sheffield Construction Inc
Bakersfield, CA
Jaelynn Turk
Bakersfield, CA
Natural Solutions Dust Control
Bakersfield, CA
Falcon Services & Construction, Inc
Bakersfield, CA
Crider Constructioninc
Bakersfield, CA
Robert Heely Inc
Bakersfield, CA
R & O Fishing Tools, Inc
Bakersfield, CA
Industry PPP Comparison Statistics
Nationwide, 3,016 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $1.06B 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 23 employees, 93% lower than Robert Heely Construction, LP's reported 318 employees, and received an average PPP loan of $349,903, 90% lower than this company's loan of $3.38M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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