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PPP Loan Data — 10 Ellicott Square Court Corporation, Buffalo, NY

SBA PPP loan data, payroll data, and salaries for 10 Ellicott Square Court Corporation
NY

10 Ellicott Square Court Corporation

Entity: Corporation

Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)

Location: Buffalo, NY

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10 Ellicott Square Court Corporation is a corporation located at 295 Main Street in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $4,285,902.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.29M

Jobs Retained:

499

Loan Approved:

2020-04-16

Lender:

NORTHWEST BANK

10 Ellicott Square Court Corporation received a Paycheck Protection Loan of $4.29M through NORTHWEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, 10 Ellicott Square Court Corporation's total 2019 payroll expenses were approximately $20.57M in order to qualify for the PPP loan amount received.

Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $41,227 per employee1.

Because the loan received by 10 Ellicott Square Court Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - 10 Ellicott Square Court Corporation in Buffalo, NY

10 Ellicott Square Court Corporation
295 Main Street
Buffalo, NY 14203

Business Industry

Lessors of Nonresidential Buildings (except Miniwarehouses) (NAICS code 531120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-26

Similar Companies near Buffalo

In the Buffalo area, 8 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 499) and received an average PPP loan of $657,507 (compared to this company's $4.29M).

Industry PPP Comparison Statistics

Nationwide, 14,874 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1,433,708,089.00 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 9 employees, 98% lower than 10 Ellicott Square Court Corporation's reported 499 employees, and received an average PPP loan of $96,390, 98% lower than this company's loan of $4.29M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/10-ellicott-square-court-corporation-buffalo-ny