PPP Loan Data — CGI Communications Inc, Rochester, NY
CGI Communications Inc is a sole proprietorship located at 130 East Main St in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $3,929,540.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
CGI Communications Inc in Rochester, NY received a Paycheck Protection Loan of $3.93M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, CGI Communications Inc's total 2019 payroll expenses were approximately $18.86M in order to qualify for the PPP loan amount received.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $54,991 per employee1.
Business Information - CGI Communications Inc in Rochester, NY
130 East Main St
Rochester, NY 14604
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-25
Similar Companies near Rochester
In the Rochester area, 2 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 173 employees (compared to this company's 343) and received an average PPP loan of $1,976,520 (compared to this company's $3.93M).
Similar Nearby Businesses Who Received PPP Funding:
Dunne Marketing LLC
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 98% lower than CGI Communications Inc's reported 343 employees, and received an average PPP loan of $126,253, 97% lower than this company's loan of $3.93M.
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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