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PPP Loan Data — Butler/Till Media Services Inc, Rochester, NY

SBA PPP loan data, payroll data, and salaries for Butler/Till Media Services Inc
NY

Butler/Till Media Services Inc

Entity: Corporation

Industry: Media Buying Agencies

Location: Rochester, NY

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Butler/Till Media Services Inc is a corporation located at 1565 Jefferson in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $2,629,900.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 166 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.63M

Jobs Retained:

166

Loan Approved:

2020-04-05

Lender:

THE BANK OF CASTILE

Butler/Till Media Services Inc in Rochester, NY received a Paycheck Protection Loan of $2.63M through THE BANK OF CASTILE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Butler/Till Media Services Inc's total 2019 payroll expenses were approximately $12.62M in order to qualify for the PPP loan amount received.

Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $76,045 per employee1.

Because the loan received by Butler/Till Media Services Inc 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 - Butler/Till Media Services Inc in Rochester, NY

Butler/Till Media Services Inc
1565 Jefferson
Rochester, NY 14623

Business Industry

Media Buying Agencies (NAICS code 541830)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-25

Industry PPP Comparison Statistics

Nationwide, 403 businesses in the "Media Buying Agencies" industry received a total of $77,899,547.00 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 10 employees, 94% lower than Butler/Till Media Services Inc's reported 166 employees, and received an average PPP loan of $193,299, 93% lower than this company's loan of $2.63M.

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.

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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/butler-till-media-services-inc-rochester-ny