PPP Loan Data — Silverado Contractors Inc, Emeryville, CA
Silverado Contractors Inc is a subchapter s corporation located at 2855 Mandela Parkway, 2nd Floor in Emeryville, California that received a Coronavirus-related PPP loan from the SBA of $5,075,959.00 in April, 2020.
$ PPP Loan Information
Silverado Contractors Inc in Emeryville, CA received a Paycheck Protection Loan of $5.08M through SIGNATURE 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 174 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 244.
Based on standard PPP eligibility rules, Silverado Contractors Inc's total 2019 payroll expenses were approximately $24.36M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 174 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Silverado Contractors Inc in Emeryville, CA
2855 Mandela Parkway, 2nd Floor
Emeryville, CA 94608
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-13
Similar Companies near Emeryville
In the Emeryville area, 3 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 174) and received an average PPP loan of $2,098,361 (compared to this company's $5.08M).
Similar Nearby Businesses Who Received PPP Funding:
ABM Geoconstructors Inc
Industry PPP Comparison Statistics
Nationwide, 17,653 businesses in the "Site Preparation Contractors" industry received a total of $2,959,828,729.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 93% lower than Silverado Contractors Inc's reported 174 employees, and received an average PPP loan of $167,667, 97% lower than this company's loan of $5.08M.
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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