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PPP Loan Data — Veteran Pipeline Construction, Inc., Benicia, CA

SBA PPP loan data, payroll data, and salaries for Veteran Pipeline Construction, Inc.
CA

Veteran Pipeline Construction, Inc.

Entity: Subchapter S Corporation

Industry: Other Heavy and Civil Engineering Construction

Location: Benicia, CA

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Veteran Pipeline Construction, Inc. is a subchapter s corporation located at 511 E. Channel Road in Benicia, California that received a Coronavirus-related PPP loan from the SBA of $3,665,592.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.67M

Jobs Retained:

177

Loan Approved:

2020-04-11

Lender:

CALIFORNIA BANK OF COMMERCE

Veteran Pipeline Construction, Inc. received a Paycheck Protection Loan of $3.67M through CALIFORNIA BANK OF COMMERCE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Veteran Pipeline Construction, Inc.'s total 2019 payroll expenses were approximately $17.59M in order to qualify for the PPP loan amount received.

Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $99,406 per employee1.

Because the loan received by Veteran Pipeline Construction, 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 - Veteran Pipeline Construction, Inc. in Benicia, CA

Veteran Pipeline Construction, Inc.
511 E. Channel Road
Benicia, CA 94510

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-05

Similar Companies near Benicia

In the Benicia area, 5 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 177) and received an average PPP loan of $1,370,704 (compared to this company's $3.67M).

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 89% lower than Veteran Pipeline Construction, Inc.'s reported 177 employees, and received an average PPP loan of $308,548, 92% lower than this company's loan of $3.67M.

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.

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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/veteran-pipeline-construction-inc-benicia-ca