PPP Loan Data — Carver Companies Payroll LLC, Altamont, NY
Carver Companies Payroll LLC is a limited liability company (LLC) located at 494 Western Turnpike in Altamont, New York that received a Coronavirus-related PPP loan from the SBA of $7,158,200.00 in April, 2020.
$ PPP Loan Information
Lender:UNITED COMMUNITY BANK
Carver Companies Payroll LLC in Altamont, NY received a Paycheck Protection Loan of $7.16M through UNITED COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Carver Companies Payroll LLC's total 2019 payroll expenses were approximately $34.36M in order to qualify for the PPP loan amount received.
Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $74,050 per employee1.
Business Information - Carver Companies Payroll LLC in Altamont, NY
494 Western Turnpike
Altamont, NY 12009
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-20
Similar Companies near Altamont
In the Altamont area, 2 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 464) and received an average PPP loan of $3,585,857 (compared to this company's $7.16M).
Similar Nearby Businesses Who Received PPP Funding:
Helderberg Excavating & Trucking Inc
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 96% lower than Carver Companies Payroll LLC's reported 464 employees, and received an average PPP loan of $308,548, 96% lower than this company's loan of $7.16M.
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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