PPP Loan Data — Shook Construction Co., Moraine, OH
Shook Construction Co.
Entity: Subchapter S Corporation
Location: Moraine, OHTweet This • Search All PPP Data
Shook Construction Co. is a subchapter s corporation located at 2000 W Dorothy Ln in Moraine, Ohio that received a Coronavirus-related PPP loan from the SBA of $6,905,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Shook Construction Co. in Moraine, OH received a Paycheck Protection Loan of $6.91M through FIFTH THIRD BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 246 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 331.
Based on standard PPP eligibility rules, Shook Construction Co.'s total 2019 payroll expenses were approximately $33.14M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 246 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Shook Construction Co. in Moraine, OH
2000 W Dorothy Ln
Moraine, OH 45439
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-10
Similar Companies near Moraine
In the Moraine area, 3 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 246) and received an average PPP loan of $2,413,758 (compared to this company's $6.91M).
Similar Nearby Businesses Who Received PPP Funding:
Stymco Construction, Inc.
Manfreda Construction Corporation
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 95% lower than Shook Construction Co.'s reported 246 employees, and received an average PPP loan of $203,235, 97% lower than this company's loan of $6.91M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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