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PPP Loan Data — Wadsworth Brothers Construction Company, Inc.,
Draper, UT
Wadsworth Brothers Construction Company, Inc.
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: Draper, UT
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Wadsworth Brothers Construction Company, Inc. is a subchapter s corporation located at 1350 Draper Pkwy in Draper, Utah that received a Coronavirus-related PPP loan from the SBA of $2,552,700.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least 145 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
145Loan Approved:
2020-07-28Lender:
NEWTEK SMALL BUSINESS FINANCE, INC.Wadsworth Brothers Construction Company, Inc. in Draper, UT received a Paycheck Protection Loan of $2.55M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in July, 2020.
Based on standard PPP eligibility rules, Wadsworth Brothers Construction Company, Inc.'s total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $84,503 per employee1.
Business Information - Wadsworth Brothers Construction Company, Inc. in Draper, UT
1350 Draper Pkwy
Draper, UT 84020
Business Industry
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: UT-03Similar Companies near Draper
In the Draper area, 14 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 145) and received an average PPP loan of $316,524 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
YPC, Inc.
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Doug Palmer
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Big Tree Construction, LLC
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Big T Construction
Duchesne, UT
Robinson Brothers Construction, Inc.
Draper, UT
ADP Lemco Inc.
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Judd Construction, Inc.
Draper, UT
Dynasty Group LLC
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Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 91% lower than Wadsworth Brothers Construction Company, Inc.'s reported 145 employees, and received an average PPP loan of $203,235, 92% lower than this company's loan of $2.55M.
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.
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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