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PPP Loan Data — CDS Mestel Construction Corporation,
Garden City Park, NY
CDS Mestel Construction Corporation
Entity: Corporation
Industry: Commercial and Institutional Building Construction
Location: Garden City Park, NY
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CDS Mestel Construction Corporation is a corporation located at 2120 Jericho Tpke in Garden City Park, New York that received a Coronavirus-related PPP loan from the SBA of $759,530.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
53Loan Approved:
2020-04-14Lender:
THE FIRST NATIONAL BANK OF LONG ISLANDCDS Mestel Construction Corporation received a Paycheck Protection Loan of $759,530 through THE FIRST NATIONAL BANK OF LONG ISLAND, which was approved in April, 2020.
Based on standard PPP eligibility rules, CDS Mestel Construction Corporation's total 2019 payroll expenses were approximately $3.65M in order to qualify for the PPP loan amount received.
Based on their reported 53 jobs retained, this equals an estimated average yearly compensation of $68,788 per employee1.
Business Information - CDS Mestel Construction Corporation in Garden City Park, NY
2120 Jericho Tpke
Garden City Park, NY 11040
Business Industry
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-04Similar Companies near Garden City Park
In the Garden City Park area, 25 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 53) and received an average PPP loan of $436,504 (compared to this company's $759,530).
Similar Nearby Businesses Who Received PPP Funding:
National Environmental Safety Company, Inc
New Hyde Park, NY
TBL Construction LLC
New Hyde Park, NY
Interboro Contracting Inc
New Hyde Park, NY
O'Leary Construction Inc.
New Hyde Park, NY
AVF Development Corp
Garden City Park, NY
J Mitacek, Contracting Corp.
New Hyde Park, NY
Monti United Construction, Inc.
New Hyde Park, NY
NY Skyline General Construction Corp
New Hyde Park, NY
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, 75% lower than CDS Mestel Construction Corporation's reported 53 employees, and received an average PPP loan of $203,235, 73% lower than this company's loan of $759,530.
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. 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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