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PPP Loan Data — Caledonia Carting Services Inc,
Brooklyn, NY
Caledonia Carting Services Inc
Entity: Corporation
Industry: Industrial Building Construction
Location: Brooklyn, NY
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Caledonia Carting Services Inc is a corporation located at 59 Kent St Apt 5b in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
The company has reported itself as a male owned business, and employed at least 280 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2607528805
Loan Size:
Jobs Retained:
280Loan Approved:
2021-04-13Loan Status:
Ongoing LoanLender:
Loan Source IncorporatedCaledonia Carting Services Inc in Brooklyn, NY received a Paycheck Protection Loan of $2M through Loan Source Incorporated, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Caledonia Carting Services Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $34,286 per employee1
Reported PPP Proceed Usage:
On the PPP application, Caledonia Carting Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Caledonia Carting Services Inc in Brooklyn, NY
59 Kent St Apt 5b
Brooklyn, NY 11222
Business Industry:
Industrial Building Construction
NAICS code 236210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 13 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 280) and received an average PPP loan of $251,654 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Golden Adornment Inc
Brooklyn, NY
SH5 Construction Corporation
Brooklyn, NY
Oluyemi Akinnibosun
Brooklyn, NY
GTM Contracting Inc
Brooklyn, NY
Victoria Consulting & Development, LLC
Brooklyn, NY
SH5 Construction Corp
Brooklyn, NY
Sundus Ashraf
Brooklyn, NY
The Desk Group LLC
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 16,068 businesses in the "Industrial Building Construction" industry received a total of $2.22B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 96% lower than Caledonia Carting Services Inc's reported 280 employees, and received an average PPP loan of $138,039, 93% lower than this company's loan of $2M.
Caledonia Carting Services Inc
Entity: Corporation
Industry: Remediation Services
Location: Brooklyn, NY
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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.
The company has reported itself as a male owned business, and employed at least 402 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1562637100
Loan Size:
Jobs Retained:
402Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Dime Community BankCaledonia Carting Services Inc in Brooklyn, NY received a Paycheck Protection Loan of $4.48M through Dime Community Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Caledonia Carting Services Inc's 2019 payroll expenses are estimated to be at least $21.52M.
Based on their reported 402 jobs retained, this equals an estimated average yearly compensation of $53,522 per employee1
Reported PPP Proceed Usage:
On the PPP application, Caledonia Carting Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,482,443
Business Information - Caledonia Carting Services Inc in Brooklyn, NY
59 Kent Street 5b
Brooklyn, NY 11222
Business Industry:
Remediation Services
NAICS code 562910
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 8 businesses in the "Remediation Services" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 402) and received an average PPP loan of $819,033 (compared to this company's $4.48M).
Similar Nearby Businesses Who Received PPP Funding:
New York Environmental Systems Inc
Brooklyn, NY
Delta Enviroental Inc
Brooklyn, NY
Environmental Technology System Inc
Brooklyn, NY
ARC Contracting Inc
Brooklyn, NY
Prime Mold Removal Inc
Brooklyn, NY
Jabco Contracting, Inc
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 4,159 businesses in the "Remediation Services" industry received a total of $876.69M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 18 employees, 96% lower than Caledonia Carting Services Inc's reported 402 employees, and received an average PPP loan of $210,793, 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. 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.
Footnotes & Information
1. Estimations for informational purposes only. 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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