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PPP Loan Data — Builders Group Construction Corp, New York, NY

SBA PPP loan data, payroll data, and salaries for Builders Group Construction Corp
NY

Builders Group Construction Corp

Entity: Subchapter S Corporation

Industry: Commercial and Institutional Building Construction

Location: New York, NY

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Builders Group Construction Corp is a subchapter s corporation located at 45 Broadway 4th Fl in New York, New York that received a Coronavirus-related PPP loan from the SBA of $430,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$430,700

Jobs Retained:

28

Loan Approved:

2020-04-11

Lender:

CITY NATIONAL BANK OF FLORIDA

Builders Group Construction Corp received a Paycheck Protection Loan of $430,700 through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Builders Group Construction Corp's total 2019 payroll expenses were approximately $2.07M in order to qualify for the PPP loan amount received.

Based on their reported 28 jobs retained, this equals an estimated average yearly compensation of $73,834 per employee1.

Business Information - Builders Group Construction Corp in New York, NY

Builders Group Construction Corp
45 Broadway 4th Fl
New York, NY 10006

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 11 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 28) and received an average PPP loan of $1,006,389 (compared to this company's $430,700).

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, 54% lower than Builders Group Construction Corp's reported 28 employees, and received an average PPP loan of $203,235, 53% lower than this company's loan of $430,700.

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.

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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/builders-group-construction-corp-new-york-ny