PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Citnalta Construction Corp., Bohemia, NY

SBA PPP loan data, payroll data, and salaries for Citnalta Construction Corp.
NY

Citnalta Construction Corp.

Entity: Subchapter S Corporation

Industry: Commercial and Institutional Building Construction

Location: Bohemia, NY

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

Loan Size:

$4.16M

Jobs Retained:

222

Loan Approved:

2020-04-16

Lender:

SIGNATURE BANK

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.

Because the loan received by Citnalta Construction Corp. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Citnalta Construction Corp. in Bohemia, NY

Citnalta Construction Corp.
1601 Locust Avenue
Bohemia, NY 11716

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/citnalta-construction-corp-bohemia-ny