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PPP Loan Data — Alle Processing Corp, Maspeth, NY

SBA PPP loan data, payroll data, and salaries for Alle Processing Corp
NY

Alle Processing Corp

Entity: Corporation

Industry: Meat Processed from Carcasses

Location: Maspeth, NY

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Alle Processing Corp is a corporation located at 5620 59th Street. in Maspeth, New York that received a Coronavirus-related PPP loan from the SBA of $4,123,327.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.12M

Jobs Retained:

454

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Alle Processing Corp received a Paycheck Protection Loan of $4.12M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Alle Processing Corp's total 2019 payroll expenses were approximately $19.79M in order to qualify for the PPP loan amount received.

Based on their reported 454 jobs retained, this equals an estimated average yearly compensation of $43,595 per employee1.

Because the loan received by Alle Processing Corp 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 - Alle Processing Corp in Maspeth, NY

Alle Processing Corp
5620 59th Street.
Maspeth, NY 11378

Business Industry

Meat Processed from Carcasses (NAICS code 311612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-06

Industry PPP Comparison Statistics

Nationwide, 867 businesses in the "Meat Processed from Carcasses" industry received a total of $314,630,695.00 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 35 employees, 92% lower than Alle Processing Corp's reported 454 employees, and received an average PPP loan of $362,896, 91% lower than this company's loan of $4.12M.

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, 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.

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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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Source: www.federalpay.org/paycheck-protection-program/alle-processing-corp-maspeth-ny