PPP Loan Data — Anoplate Corporation, Syracuse, NY
Entity: Subchapter S Corporation
Location: Syracuse, NYTweet This • Search All PPP Data
Anoplate Corporation is a subchapter s corporation located at 459 Pulaski Street in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $2,467,092.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Anoplate Corporation in Syracuse, NY received a Paycheck Protection Loan of $2.47M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Anoplate Corporation's total 2019 payroll expenses were approximately $11.84M in order to qualify for the PPP loan amount received.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $54,073 per employee1.
Business Information - Anoplate Corporation in Syracuse, NY
459 Pulaski Street
Syracuse, NY 13204
Electroplating, Plating, Polishing, Anodizing, and Coloring (NAICS code 332813)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-24
Similar Companies near Syracuse
In the Syracuse area, 2 businesses in the "Electroplating, Plating, Polishing, Anodizing, and Coloring" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 219) and received an average PPP loan of $1,259,246 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Sandy's Bumper Mart, Inc.
Industry PPP Comparison Statistics
Nationwide, 1,173 businesses in the "Electroplating, Plating, Polishing, Anodizing, and Coloring" industry received a total of $327,636,253.00 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 24 employees, 89% lower than Anoplate Corporation's reported 219 employees, and received an average PPP loan of $279,315, 89% lower than this company's loan of $2.47M.
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, and is published unmodified, as provided by the SBA.
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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