PPP Loan Data — Sacyr Construction USA LLC, Miami, FL
Sacyr Construction USA LLC is a limited liability company (LLC) located at Coral Way 3191, Suite 510 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $2,700,215.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:FirstBank Puerto Rico
Sacyr Construction USA LLC in Miami, FL received a Paycheck Protection Loan of $2.7M through FirstBank Puerto Rico, 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, Sacyr Construction USA LLC's 2019 payroll expenses are estimated to be at least $12.96M.
Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $43,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sacyr Construction USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,700,215
Business Information - Sacyr Construction USA LLC in Miami, FL
Coral Way 3191, Suite 510
Miami, FL 33145
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 4 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 295) and received an average PPP loan of $709,966 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Albany Homes Construction, Inc
Coral Gables, FL
Tri-County Pavement Markings 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, 91% lower than Sacyr Construction USA LLC's reported 295 employees, and received an average PPP loan of $341,702, 87% lower than this company's loan of $2.7M.
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Footnotes & Information
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