These Benicia Companies Got The Biggest PPP Loans

News

Benicia CA

09 July, 2020

12:52 AM

Description

BENICIA, CA — Seventy-eight Benicia companies were among the 87,000 California businesses and non-profits that received loans from the federal Paycheck Protection Program, or PPP, to help pay their employees during the coronavirus pandemic, according to data released this week. The loans, which varied in amount, were established as part of the federal government's CARES Act and are forgiven as long as businesses keep employees on their payroll, without cutting pay.On Monday, the U.S. Small Business Administration released data showing that nearly 5 million businesses have received PPP loans of more than $150,000 — totaling more than $521 billion. The U.S. Treasury says the money has supported 51.1 million jobs. In California, more than 4.1 million jobs have been retained thanks to loans of greater than $150,000, according to the SBA. They went to a variety of organizations, from small restaurants to large companies with hundreds of employees. These 17 Benicia businesses and nonprofits received between $1 million and $5 million: C. E. TOLAND & SON, between $2 million and $5 millionDELTA TECH SERVICE, INC, between $2 million and $5 millionDUNLOP MANUFACTURING INC, between $2 million and $5 millionF3 AND ASSOCIATES INC, between $2 million and $5 millionVETERAN PIPELINE CONSTRUCTION, INC., between $2 million and $5 millionALLIED EXHAUST SYSTEMS, INC, between $1 million and $2 millionAWT CONSTRUCTION GROUP INC, between $1 million and $2 millionBENICIA FABRICATION AND MACHINE INC., between $1 million and $2 million BENICIA PLUMBING INC, between $1 million and $2 millionCALIFORNIA ERECTORS, INC., between $1 million and $2 millionCRITICAL WELD INSPECTIONS, INC, between $1 million and $2 millionHIGH END DEVELOPMENT, INC., between $1 million and $2 millionLATHROP CONSTRUCTION ASSOCIATES, INC., between $1 million and $2 millionPONDER ENVIRONMENTAL SERVICES, INC., between $1 million and $2 millionQUALITY ERECTORS & CONSTRUCTION CO. INC., between $1 million and $2 millionROMAK IRON WORKS, between $1 million and $2 millionUNICO MECHANICAL CORP., between $1 million and $2 millionThese 10 Benicia businesses and nonprofits reported retaining the most workers, thanks to their PPP loan: DUNLOP MANUFACTURING INC (retained 234 jobs)VETERAN PIPELINE CONSTRUCTION, INC. (retained 177 jobs)ALLIED EXHAUST SYSTEMS, INC (retained 177 jobs)PLAN-IT INTERACTIVE, INC (retained 173 jobs)AWT CONSTRUCTION GROUP INC (retained 160 jobs)SF TIRE & SERVICE CENTRAL INC (retained 149 jobs)ROMAK IRON WORKS (retained 126 jobs)C. E. TOLAND & SON (retained 115 jobs)DELTA TECH SERVICE, INC (retained 111 jobs)BENICIA PLUMBING INC (retained 97 jobs)Want to see how other Benicia businesses fared? View this searchable database of all California companies that received PPP loans here. Patch staffers Nick Garber, Lucas Combos and Shannon Antinori contributed to this report.

By:  view source

Discussion

By posting you agree to the Terms and Privacy Policy.

/
Search this area