PPP Loan Data — Caledonia Carting Services Inc, Brooklyn, NY
Caledonia Carting Services Inc is a corporation located at 59 Kent Street 5b in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $4,482,443.00 in April, 2020.
$ PPP Loan Information
Lender:DIME COMMUNITY BANK
Caledonia Carting Services Inc received a Paycheck Protection Loan of $4.48M through DIME COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Caledonia Carting Services Inc's total 2019 payroll expenses were approximately $21.52M in order to qualify for the PPP loan amount received.
Based on their reported 402 jobs retained, this equals an estimated average yearly compensation of $53,522 per employee1.
Business Information - Caledonia Carting Services Inc in Brooklyn, NY
59 Kent Street 5b
Brooklyn, NY 11222
Remediation Services (NAICS code 562910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-12
Similar Companies near Brooklyn
In the Brooklyn area, 5 businesses in the "Remediation Services" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 402) and received an average PPP loan of $1,177,400 (compared to this company's $4.48M).
Similar Nearby Businesses Who Received PPP Funding:
Jabco Contracting, Inc
Delta Enviroental Inc
ARC Contracting Inc
Environmental Technology System Inc
Industry PPP Comparison Statistics
Nationwide, 2,317 businesses in the "Remediation Services" industry received a total of $566,106,367.00 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 17 employees, 96% lower than Caledonia Carting Services Inc's reported 402 employees, and received an average PPP loan of $244,327, 95% lower than this company's loan of $4.48M.
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.
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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