PPP Loan Data — Citnalta Construction Corp., Bohemia, NY
Citnalta Construction Corp.
Entity: Subchapter S Corporation
Location: Bohemia, NYTweet This • Search All PPP Data
Citnalta Construction Corp. is a subchapter s corporation located at 1601 Locust Avenue in Bohemia, New York that received a Coronavirus-related PPP loan from the SBA of $4,158,545.00 in April, 2020.
$ PPP Loan Information
Citnalta Construction Corp. in Bohemia, NY received a Paycheck Protection Loan of $4.16M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Citnalta Construction Corp.'s total 2019 payroll expenses were approximately $19.96M in order to qualify for the PPP loan amount received.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $89,914 per employee1.
Business Information - Citnalta Construction Corp. in Bohemia, NY
1601 Locust Avenue
Bohemia, NY 11716
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-02
Similar Companies near Bohemia
In the Bohemia area, 17 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 222) and received an average PPP loan of $484,279 (compared to this company's $4.16M).
Similar Nearby Businesses Who Received PPP Funding:
RAS Contracting Inc
Italiano Bros Enterprise, Inc.
ES Ironworks Inc
Frontstreet Facility Solutions, Inc
Corporate Interior Const & Design Inc
Fidele Construction Inc
ATA Construction New York Inc
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, 94% lower than Citnalta Construction Corp.'s reported 222 employees, and received an average PPP loan of $203,235, 95% lower than this company's loan of $4.16M.
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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