PPP Loan Data — Superior Drywall Co Inc, Gilbert, AZ
Superior Drywall Co Inc is a corporation located at 1320 N Acacia Drive 0.0 in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,695,557.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Superior Drywall Co Inc in Gilbert, AZ received a Paycheck Protection Loan of $1.7M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Superior Drywall Co Inc's 2019 payroll expenses are estimated to be at least $8.14M.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $38,390 per employee1
Reported PPP Proceed Usage:
On the PPP application, Superior Drywall Co Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,658,125
- Rent: $17,500
- Health Care: $19,932
Business Information - Superior Drywall Co Inc in Gilbert, AZ
1320 N Acacia Drive 0.0
Gilbert, AZ 85233
Drywall and Insulation Contractors
NAICS code 238310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gilbert
In the Gilbert area, 6 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 212) and received an average PPP loan of $700,771 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
Commercial Wallboard Systems Inc
Rite-Way Thermal USA Inc
Performance Drywall Incorporat
Diversified Insulation LLC
Industry PPP Comparison Statistics
Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B 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 11 employees, 95% lower than Superior Drywall Co Inc's reported 212 employees, and received an average PPP loan of $128,649, 92% lower than this company's loan of $1.7M.
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Footnotes & Information
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