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PPP Loan Data — Sure Steel, Inc,
Ogden, UT
Sure Steel, Inc
Entity: Corporation
Industry: All Other Specialty Trade Contractors
Location: Ogden, UT
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Sure Steel, Inc is a corporation located at 7528 Cornia Dr in Ogden, Utah that received a Coronavirus-related PPP loan from the SBA of $3,746,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 233 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
233Loan Approved:
2020-04-06Lender:
CACHE VALLEY BANKSure Steel, Inc in Ogden, UT received a Paycheck Protection Loan of $3.75M through CACHE VALLEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sure Steel, Inc's total 2019 payroll expenses were approximately $17.98M in order to qualify for the PPP loan amount received.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $77,171 per employee1.
Business Information - Sure Steel, Inc in Ogden, UT
7528 Cornia Dr
Ogden, UT 84405
Business Industry
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: UT-01Similar Companies near Ogden
In the Ogden area, 22 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 233) and received an average PPP loan of $250,311 (compared to this company's $3.75M).
Similar Nearby Businesses Who Received PPP Funding:
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Fenced In, Inc.
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Nelson Intermountain Crane
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Absolute Disaster Restoration Inc
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Altered Edge Curbing Inc.
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Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 96% lower than Sure Steel, Inc's reported 233 employees, and received an average PPP loan of $113,959, 97% lower than this company's loan of $3.75M.
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.
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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