PPP Loan Data — Western Construction, Inc., Prestonsburg, KY
Western Construction, Inc.
Location: Prestonsburg, KYTweet This • Search All PPP Data
Western Construction, Inc. is a corporation located at Po Box 727 in Prestonsburg, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,118,700.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITY TRUST BANK, INC.
Western Construction, Inc. in Prestonsburg, KY received a Paycheck Protection Loan of $3.12M through COMMUNITY TRUST BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Western Construction, Inc.'s total 2019 payroll expenses were approximately $14.97M in order to qualify for the PPP loan amount received.
Based on their reported 247 jobs retained, this equals an estimated average yearly compensation of $60,606 per employee1.
Business Information - Western Construction, Inc. in Prestonsburg, KY
Po Box 727
Prestonsburg, KY 41653
Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-05
Industry PPP Comparison Statistics
Nationwide, 1,513 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $689,155,003.00 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 26 employees, 89% lower than Western Construction, Inc.'s reported 247 employees, and received an average PPP loan of $455,489, 85% lower than this company's loan of $3.12M.
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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