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PPP Loan Data — Urata & Sons Concrete LLC, Rancho Cordova, CA

SBA PPP loan data, payroll data, and salaries for Urata & Sons Concrete LLC
CA

Urata & Sons Concrete LLC

Entity: Limited Liability Company (LLC)

Industry: Structural Steel and Precast Concrete Contractors

Location: Rancho Cordova, CA

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Urata & Sons Concrete LLC is a limited liability company (LLC) located at 3420 Luyung Dr in Rancho Cordova, California that received a Coronavirus-related PPP loan from the SBA of $4,798,974.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.8M

Jobs Retained:

251

Loan Approved:

2020-04-06

Lender:

MERCHANTS BANK OF COMMERCE

Urata & Sons Concrete LLC in Rancho Cordova, CA received a Paycheck Protection Loan of $4.8M through MERCHANTS BANK OF COMMERCE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Urata & Sons Concrete LLC's total 2019 payroll expenses were approximately $23.04M in order to qualify for the PPP loan amount received.

Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $91,773 per employee1.

Because the loan received by Urata & Sons Concrete LLC 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 - Urata & Sons Concrete LLC in Rancho Cordova, CA

Urata & Sons Concrete LLC
3420 Luyung Dr
Rancho Cordova, CA 95742

Business Industry

Structural Steel and Precast Concrete Contractors (NAICS code 238120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-07

Industry PPP Comparison Statistics

Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, 91% lower than Urata & Sons Concrete LLC's reported 251 employees, and received an average PPP loan of $333,066, 93% lower than this company's loan of $4.8M.

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.

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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/urata-and-sons-concrete-llc-rancho-cordova-ca