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PPP Loan Data — V.K. Knowlton Construction & Utilities, Inc.,
San Antonio, TX
V.K. Knowlton Construction & Utilities, Inc.
Entity: Corporation
Industry: Site Preparation Contractors
Location: San Antonio, TX
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V.K. Knowlton Construction & Utilities, Inc. is a corporation located at 18225 Fm 2252 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $2,741,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
304Loan Approved:
2020-04-09Lender:
FROST BANKV.K. Knowlton Construction & Utilities, Inc. received a Paycheck Protection Loan of $2.74M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, V.K. Knowlton Construction & Utilities, Inc.'s total 2019 payroll expenses were approximately $13.16M in order to qualify for the PPP loan amount received.
Based on their reported 304 jobs retained, this equals an estimated average yearly compensation of $43,292 per employee1.
Business Information - V.K. Knowlton Construction & Utilities, Inc. in San Antonio, TX
18225 Fm 2252
San Antonio, TX 78266
Business Industry
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-35Similar Companies near San Antonio
In the San Antonio area, 3 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 304) and received an average PPP loan of $1,072,967 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
Texas Site Work And Miling LLC
San Antonio, TX
Garrich Industries, LTD
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 17,653 businesses in the "Site Preparation Contractors" industry received a total of $2,959,828,729.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 96% lower than V.K. Knowlton Construction & Utilities, Inc.'s reported 304 employees, and received an average PPP loan of $167,667, 94% lower than this company's loan of $2.74M.
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.
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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