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PPP Loan Data — Sheehan Construction, Inc., Napa, CA

SBA PPP loan data, payroll data, and salaries for Sheehan Construction, Inc.
CA

Sheehan Construction, Inc.

Entity: Corporation

Industry: Framing Contractors

Location: Napa, CA

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Sheehan Construction, Inc. is a corporation located at 477 Devlin Rd, Ste 108 in Napa, California that received a Coronavirus-related PPP loan from the SBA of $2,784,013.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.78M

Jobs Retained:

313

Loan Approved:

2020-04-15

Lender:

EXCHANGE BANK

Sheehan Construction, Inc. in Napa, CA received a Paycheck Protection Loan of $2.78M through EXCHANGE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sheehan Construction, Inc.'s total 2019 payroll expenses were approximately $13.36M in order to qualify for the PPP loan amount received.

Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $42,694 per employee1.

Because the loan received by Sheehan Construction, Inc. 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 - Sheehan Construction, Inc. in Napa, CA

Sheehan Construction, Inc.
477 Devlin Rd, Ste 108
Napa, CA 94558

Business Industry

Framing Contractors (NAICS code 238130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-05

Similar Companies near Napa

In the Napa area, 3 businesses in the "Framing Contractors" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 313) and received an average PPP loan of $1,136,842 (compared to this company's $2.78M).

Industry PPP Comparison Statistics

Nationwide, 4,834 businesses in the "Framing Contractors" industry received a total of $495,274,048.00 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 8 employees, 97% lower than Sheehan Construction, Inc.'s reported 313 employees, and received an average PPP loan of $102,456, 96% lower than this company's loan of $2.78M.

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.

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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/sheehan-construction-inc-napa-ca