Building Finishing Contractors

Businesses and organizations in the Building Finishing Contractors industry (NAICS code 2383, part of the Construction sector) received 146,934 PPP loans totaling $9.28B during the COVID-19 pandemic.

The average loan for this industry was $63,185 — below the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

92.3% of loans in this industry were forgiven — totaling $9.04B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include EUROTECH CONSTRUCTION CORP. of NEW YORK, NY ($10,000,000); SWEENEY DRYWALL FINISHES CORP. of BOXBOROUGH, MA ($10,000,000); and OCP CONTRACTORS INC of HOLLAND, OH ($8,775,600).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Construction sector — building construction, heavy and civil engineering construction, and specialty trade contractors. — businesses in NAICS 2383 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.