PPP Loan Data — Sturgeon & Son Grading & Paving, Inc., Bakersfield, CA
Sturgeon & Son Grading & Paving, Inc. is a corporation located at 3511 Gilmore Avenue in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $3,766,928.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 314 people during the applicable loan loan period.
$ PPP Loan Information
Lender:VALLEY REPUBLIC BANK
Sturgeon & Son Grading & Paving, Inc. received a Paycheck Protection Loan of $3.77M through VALLEY REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sturgeon & Son Grading & Paving, Inc.'s total 2019 payroll expenses were approximately $18.08M in order to qualify for the PPP loan amount received.
Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $57,584 per employee1.
Business Information - Sturgeon & Son Grading & Paving, Inc. in Bakersfield, CA
3511 Gilmore Avenue
Bakersfield, CA 93308
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-23
Similar Companies near Bakersfield
In the Bakersfield area, 7 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 314) and received an average PPP loan of $708,882 (compared to this company's $3.77M).
Similar Nearby Businesses Who Received PPP Funding:
Kern Asphalt Paving & Sealing Co., Inc.
Sturgeon Services International, Inc.
City Finished Carpentry
Bowman Construction LLC
Black Stone Asphalt Construction, Inc.
Sequoia Custom Framing Inc
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 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 26 employees, 92% lower than Sturgeon & Son Grading & Paving, Inc.'s reported 314 employees, and received an average PPP loan of $405,656, 89% lower than this company's loan of $3.77M.
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Footnotes & Information
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