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PPP Loan Data — Superior Paving Company, Inc., Corona, CA

SBA PPP loan data, payroll data, and salaries for Superior Paving Company, Inc.
CA

Superior Paving Company, Inc.

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Corona, CA

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Superior Paving Company, Inc. is a corporation located at 1880 N. Delilah St in Corona, California that received a Coronavirus-related PPP loan from the SBA of $1,500,000.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least 99 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$1.5M

Jobs Retained:

99

Loan Approved:

2020-04-28

Lender:

CITIZENS BUSINESS BANK

Superior Paving Company, Inc. received a Paycheck Protection Loan of $1.5M through CITIZENS BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Superior Paving Company, Inc.'s total 2019 payroll expenses were approximately $7.2M in order to qualify for the PPP loan amount received.

Based on their reported 99 jobs retained, this equals an estimated average yearly compensation of $72,727 per employee1.

Business Information - Superior Paving Company, Inc. in Corona, CA

Superior Paving Company, Inc.
1880 N. Delilah St
Corona, CA 92879

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-42

Similar Companies near Corona

In the Corona area, 5 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 99) and received an average PPP loan of $1,655,285 (compared to this company's $1.5M).

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, 74% lower than Superior Paving Company, Inc.'s reported 99 employees, and received an average PPP loan of $405,656, 73% lower than this company's loan of $1.5M.

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.

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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/superior-paving-company-inc-corona-ca