PPP Loan Data — Starch Concrete Incorporated, Folsom, CA
Starch Concrete Incorporated
Entity: Subchapter S Corporation
Location: Folsom, CATweet This • Search All PPP Data
Starch Concrete Incorporated is a subchapter s corporation located at 1130 Iron Point Road in Folsom, California that received a Coronavirus-related PPP loan from the SBA of $3,144,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 104 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF SAN FRANCISCO
Starch Concrete Incorporated received a Paycheck Protection Loan of $3.14M through BANK OF SAN FRANCISCO, 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 104 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 151.
Based on standard PPP eligibility rules, Starch Concrete Incorporated's total 2019 payroll expenses were approximately $15.09M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 104 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Starch Concrete Incorporated in Folsom, CA
1130 Iron Point Road
Folsom, CA 95630
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-07
Similar Companies near Folsom
In the Folsom area, 11 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 104) and received an average PPP loan of $393,039 (compared to this company's $3.14M).
Similar Nearby Businesses Who Received PPP Funding:
Dorn Development & Construction Inc.
Funk Construction Inc
Dekreek Construction Inc.
ADA Compliance Consultants
Truedge Builds Inc
ACE Building Company, Inc.
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, 88% lower than Starch Concrete Incorporated's reported 104 employees, and received an average PPP loan of $203,235, 94% lower than this company's loan of $3.14M.
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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