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PPP Loan Data — Alante Security Group Inc,
Westbury, NY
Alante Security Group Inc
Entity: Subchapter S Corporation
Industry: Security Guards and Patrol Services
Location: Westbury, NY
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Alante Security Group Inc is a subchapter s corporation located at 522 Grand Blvd in Westbury, New York that received a Coronavirus-related PPP loan from the SBA of $1,984,017.00 in March, 2021.
The company has reported itself as a male veteran owned business, and employed at least 194 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8126328506
Loan Size:
Jobs Retained:
194Loan Approved:
2021-03-09Loan Status:
Ongoing LoanLender:
Manufacturers and Traders Trust CompanyAlante Security Group Inc in Westbury, NY received a Paycheck Protection Loan of $1.98M through Manufacturers and Traders Trust Company, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Alante Security Group Inc's 2019 payroll expenses are estimated to be at least $9.52M.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $49,089 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alante Security Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,984,011
- Utilities: $1
Business Information - Alante Security Group Inc in Westbury, NY
522 Grand Blvd
Westbury, NY 11590
Business Industry:
Security Guards and Patrol Services
NAICS code 561612
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Westbury
In the Westbury area, 5 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 194) and received an average PPP loan of $1,319,490 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Universal Global Watch Inc
Westbury, NY
Glenn Small
Westbury, NY
Simaren Corp
Westbury, NY
Industry PPP Comparison Statistics
Nationwide, 13,457 businesses in the "Security Guards and Patrol Services" industry received a total of $1.44B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 20 employees, 90% lower than Alante Security Group Inc's reported 194 employees, and received an average PPP loan of $106,878, 95% lower than this company's loan of $1.98M.
Alante Security Group Inc
Entity: Subchapter S Corporation
Industry: Security Guards and Patrol Services
Location: Westbury, NY
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•
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Alante Security Group Inc is a subchapter s corporation located at 522 Grand Boulevard in Westbury, New York that received a Coronavirus-related PPP loan from the SBA of $2,559,400.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least 228 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3022767200
Loan Size:
Jobs Retained:
228Loan Approved:
2020-04-16Loan Status:
Paid in Full or ForgivenLender:
Manufacturers and Traders Trust CompanyAlante Security Group Inc in Westbury, NY received a Paycheck Protection Loan of $2.56M through Manufacturers and Traders Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Alante Security Group Inc's 2019 payroll expenses are estimated to be at least $12.29M.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $53,882 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alante Security Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,530,819
- Rent: $10,400
- Health Care: $13,469
- Debt Interest: $4,712
Business Information - Alante Security Group Inc in Westbury, NY
522 Grand Boulevard
Westbury, NY 11590
Business Industry:
Security Guards and Patrol Services
NAICS code 561612
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Westbury
In the Westbury area, 5 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 228) and received an average PPP loan of $1,319,490 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Universal Global Watch Inc
Westbury, NY
Glenn Small
Westbury, NY
Simaren Corp
Westbury, NY
Industry PPP Comparison Statistics
Nationwide, 13,457 businesses in the "Security Guards and Patrol Services" industry received a total of $1.44B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 20 employees, 91% lower than Alante Security Group Inc's reported 228 employees, and received an average PPP loan of $106,878, 96% lower than this company's loan of $2.56M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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