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PPP Loan Data — Alliance Precision Plastics Corporation, Rochester, NY

SBA PPP loan data, payroll data, and salaries for Alliance Precision Plastics Corporation
NY

Alliance Precision Plastics Corporation

Entity: Subchapter S Corporation

Industry: All Other Plastics Product Manufacturing

Location: Rochester, NY

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Alliance Precision Plastics Corporation is a subchapter s corporation located at 1220 Lee Rd in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $2,622,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.62M

Jobs Retained:

292

Loan Approved:

2020-04-15

Lender:

REGIONS BANK

Alliance Precision Plastics Corporation received a Paycheck Protection Loan of $2.62M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Alliance Precision Plastics Corporation's total 2019 payroll expenses were approximately $12.59M in order to qualify for the PPP loan amount received.

Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $43,110 per employee1.

Because the loan received by Alliance Precision Plastics 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 - Alliance Precision Plastics Corporation in Rochester, NY

Alliance Precision Plastics Corporation
1220 Lee Rd
Rochester, NY 14606

Business Industry

All Other Plastics Product Manufacturing (NAICS code 326199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-25

Similar Companies near Rochester

In the Rochester area, 5 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 292) and received an average PPP loan of $1,195,309 (compared to this company's $2.62M).

Industry PPP Comparison Statistics

Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 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 33 employees, 89% lower than Alliance Precision Plastics Corporation's reported 292 employees, and received an average PPP loan of $385,889, 85% lower than this company's loan of $2.62M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/alliance-precision-plastics-corporation-rochester-ny