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PPP Loan Data — T C Construction Company, Inc., Santee, CA

SBA PPP loan data, payroll data, and salaries for T C Construction Company, Inc.
CA

T C Construction Company, Inc.

Entity: Subchapter S Corporation

Industry: Water and Sewer Line and Related Structures Construction

Location: Santee, CA

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T C Construction Company, Inc. is a subchapter s corporation located at 10540 Prospect Avenue in Santee, California that received a Coronavirus-related PPP loan from the SBA of $3,944,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.94M

Jobs Retained:

232

Loan Approved:

2020-04-27

Lender:

ZIONS BANK, A DIVISION OF

T C Construction Company, Inc. received a Paycheck Protection Loan of $3.94M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, T C Construction Company, Inc.'s total 2019 payroll expenses were approximately $18.93M in order to qualify for the PPP loan amount received.

Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $81,612 per employee1.

Because the loan received by T C Construction Company, 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 - T C Construction Company, Inc. in Santee, CA

T C Construction Company, Inc.
10540 Prospect Avenue
Santee, CA 92071

Business Industry

Water and Sewer Line and Related Structures Construction (NAICS code 237110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-50

Similar Companies near Santee

In the Santee area, 2 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 232) and received an average PPP loan of $1,989,475 (compared to this company's $3.94M).

Similar Nearby Businesses Who Received PPP Funding:

Jon Kay
Santee, CA

$34,349 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,092 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1,334,037,195.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 17 employees, 93% lower than T C Construction Company, Inc.'s reported 232 employees, and received an average PPP loan of $261,987, 93% lower than this company's loan of $3.94M.

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.

Search FederalPay's Full PPP Loan Database

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/t-c-construction-company-inc-santee-ca