PPP Loan Data — BBL Construction Services, LLC, Albany, NY
BBL Construction Services, LLC
Entity: Limited Liability Company (LLC)
Location: Albany, NYTweet This • Search All PPP Data
BBL Construction Services, LLC is a limited liability company (LLC) located at 302 Washington Avenue Ext in Albany, New York that received a Coronavirus-related PPP loan from the SBA of $3,083,419.00 in April, 2020.
$ PPP Loan Information
Lender:CHEMUNG CANAL TRUST COMPANY
BBL Construction Services, LLC in Albany, NY received a Paycheck Protection Loan of $3.08M through CHEMUNG CANAL TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, BBL Construction Services, LLC's total 2019 payroll expenses were approximately $14.8M in order to qualify for the PPP loan amount received.
Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $87,576 per employee1.
Business Information - BBL Construction Services, LLC in Albany, NY
302 Washington Avenue Ext
Albany, NY 12203
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-20
Similar Companies near Albany
In the Albany area, 9 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 169) and received an average PPP loan of $884,179 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
H Davis Development LLC
Baron Utilities Corp.
Bethlehem Construction Corp.
Capital Construction Services Of NY, Inc
R.K. Chase Co., Inc
BBL Carlton Charleston House, LLC
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 92% lower than BBL Construction Services, LLC's reported 169 employees, and received an average PPP loan of $203,235, 93% lower than this company's loan of $3.08M.
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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