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PPP Loan Data — Robert Heely Construction, LP, Bakersfield, CA

SBA PPP loan data, payroll data, and salaries for Robert Heely Construction, LP
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 $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 Size:

$3.38M

Jobs Retained:

318

Loan Approved:

2020-04-11

Lender:

VALLEY REPUBLIC BANK

Robert Heely Construction, LP in Bakersfield, CA received a Paycheck Protection Loan of $3.38M through VALLEY REPUBLIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Robert Heely Construction, LP's total 2019 payroll expenses were approximately $16.22M in order to qualify for the PPP loan amount received.

Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $51,002 per employee1.

Because the loan received by Robert Heely Construction, LP 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 - Robert Heely Construction, LP in Bakersfield, CA

Robert Heely Construction, LP
5401 Woodmere Dr.
Bakersfield, CA 93313

Business Industry

Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-21

Similar Companies near Bakersfield

In the Bakersfield area, 7 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 318) and received an average PPP loan of $574,799 (compared to this company's $3.38M).

Industry PPP Comparison Statistics

Nationwide, 1,513 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $689,155,003.00 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 26 employees, 92% lower than Robert Heely Construction, LP's reported 318 employees, and received an average PPP loan of $455,489, 87% 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, 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/robert-heely-construction-lp-bakersfield-ca