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PPP Loan Data — Stewart Richey Construction, Inc, Bowling Green, KY

SBA PPP loan data, payroll data, and salaries for Stewart Richey Construction, Inc
KY

Stewart Richey Construction, Inc

Entity: Subchapter S Corporation

Industry: Industrial Building Construction

Location: Bowling Green, KY

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Stewart Richey Construction, Inc is a subchapter s corporation located at 2137 Glen Lily Rd in Bowling Green, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,469,418.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.47M

Jobs Retained:

295

Loan Approved:

2020-04-28

Lender:

MONTICELLO BANKING COMPANY

Stewart Richey Construction, Inc in Bowling Green, KY received a Paycheck Protection Loan of $3.47M through MONTICELLO BANKING COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Stewart Richey Construction, Inc's total 2019 payroll expenses were approximately $16.65M in order to qualify for the PPP loan amount received.

Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $56,452 per employee1.

Because the loan received by Stewart Richey 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 - Stewart Richey Construction, Inc in Bowling Green, KY

Stewart Richey Construction, Inc
2137 Glen Lily Rd
Bowling Green, KY 42101

Business Industry

Industrial Building Construction (NAICS code 236210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-02

Industry PPP Comparison Statistics

Nationwide, 7,553 businesses in the "Industrial Building Construction" industry received a total of $1,532,091,139.00 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 13 employees, 96% lower than Stewart Richey Construction, Inc's reported 295 employees, and received an average PPP loan of $202,845, 94% lower than this company's loan of $3.47M.

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.

Search FederalPay's Full PPP Loan Database

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/stewart-richey-construction-inc-bowling-green-ky