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PPP Loan Data — Crucible Industries LLC, Syracuse, NY

SBA PPP loan data, payroll data, and salaries for Crucible Industries LLC
NY

Crucible Industries LLC

Entity: Limited Liability Company (LLC)

Industry: Iron and Steel Mills and Ferroalloy Manufacturing

Location: Syracuse, NY

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Crucible Industries LLC is a limited liability company (LLC) located at 575 State Fair Blvd in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $2,998,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3M

Jobs Retained:

194

Loan Approved:

2020-04-13

Lender:

KEYBANK NATIONAL ASSOCIATION

Crucible Industries LLC received a Paycheck Protection Loan of $3M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Crucible Industries LLC's total 2019 payroll expenses were approximately $14.39M in order to qualify for the PPP loan amount received.

Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $74,180 per employee1.

Because the loan received by Crucible Industries LLC 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 - Crucible Industries LLC in Syracuse, NY

Crucible Industries LLC
575 State Fair Blvd
Syracuse, NY 13209

Business Industry

Iron and Steel Mills and Ferroalloy Manufacturing (NAICS code 331110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-24

Industry PPP Comparison Statistics

Nationwide, 712 businesses in the "Iron and Steel Mills and Ferroalloy Manufacturing" industry received a total of $239,381,219.00 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 23 employees, 88% lower than Crucible Industries LLC's reported 194 employees, and received an average PPP loan of $336,210, 89% lower than this company's loan of $3M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/crucible-industries-llc-syracuse-ny