PPP Loan Data — Veteran Pipeline Construction, Inc., Benicia, CA
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
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.
Business Information - Veteran Pipeline Construction, Inc. in Benicia, CA
511 E. Channel Road
Benicia, CA 94510
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Daysh Developments Inc.
California Erectors, Inc.
Industrial Railways Co., Inc.
Ryco Steel Products, Inc
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.
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Footnotes & Information
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