PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Sturgeon Services International Inc, Bakersfield, CA

ALERT: There are 2 PPP loans for a total of $2.41M in our database for businesses with the name "Sturgeon Services International Inc" in Bakersfield, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Sturgeon Services International Inc
CA

Sturgeon Services International Inc

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Bakersfield, CA

Search All PPP Data

Sturgeon Services International Inc is a corporation located at 3511 Gilmore Ave in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 245 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8183688603

Loan Size:

$2M

Jobs Retained:

245

Loan Approved:

2021-03-24

Loan Status:

Paid in Full or Forgiven

Lender:

Tri Counties Bank

Sturgeon Services International Inc in Bakersfield, CA received a Paycheck Protection Loan of $2M through Tri Counties Bank, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Sturgeon Services International Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $39,184 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sturgeon Services International Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
  • Utilities: $1
Because the loan received by Sturgeon Services International 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 - Sturgeon Services International Inc in Bakersfield, CA

Sturgeon Services International Inc
3511 Gilmore Ave
Bakersfield, CA 93308

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Kern County, CA — SBA Office 0942 — Congressional District: CA-23

Similar Companies near Bakersfield

In the Bakersfield area, 12 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 245) and received an average PPP loan of $757,124 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 11,407 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 26 employees, 89% lower than Sturgeon Services International Inc's reported 245 employees, and received an average PPP loan of $343,676, 83% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Sturgeon Services International, Inc
CA

Sturgeon Services International, Inc

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Bakersfield, CA

Search All PPP Data

Sturgeon Services International, Inc is a corporation located at 3511 Gilmore Avenue in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $412,368.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 23 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4333857205

Loan Size:

$412,368

Jobs Retained:

23

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Tri Counties Bank

Sturgeon Services International, Inc in Bakersfield, CA received a Paycheck Protection Loan of $412,368 through Tri Counties Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Sturgeon Services International, Inc's 2019 payroll expenses are estimated to be at least $1.98M.

Based on their reported 23 jobs retained, this equals an estimated average yearly compensation of $86,059 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sturgeon Services International, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $412,368

Business Information - Sturgeon Services International, Inc in Bakersfield, CA

Sturgeon Services International, Inc
3511 Gilmore Avenue
Bakersfield, CA 93308

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Kern County, CA — SBA Office 0942 — Congressional District: CA-23

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Sturgeon Services International, Inc.

Sturgeon & Son Grading & Paving, Inc
Highway, Street, and Bridge Construction

$3.77M PPP Loan

Similar Companies near Bakersfield

In the Bakersfield area, 12 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 23) and received an average PPP loan of $757,124 (compared to this company's $412,368).

Industry PPP Comparison Statistics

Nationwide, 11,407 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 26 employees, 13% higher than Sturgeon Services International, Inc's reported 23 employees, and received an average PPP loan of $343,676, 17% lower than this company's loan of $412,368.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sturgeon-services-international-inc-bakersfield-ca