PPP Loan Data — Currier, Mccabe & Associates, Inc., Latham, NY
Currier, Mccabe & Associates, Inc. is a corporation located at 700 Troy Ave in Latham, New York that received a Coronavirus-related PPP loan from the SBA of $4,116,700.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Currier, Mccabe & Associates, Inc. in Latham, NY received a Paycheck Protection Loan of $4.12M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Currier, Mccabe & Associates, Inc.'s total 2019 payroll expenses were approximately $19.76M in order to qualify for the PPP loan amount received.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $90,229 per employee1.
Business Information - Currier, Mccabe & Associates, Inc. in Latham, NY
700 Troy Ave
Latham, NY 12110
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-20
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than Currier, Mccabe & Associates, Inc.'s reported 219 employees, and received an average PPP loan of $181,408, 96% lower than this company's loan of $4.12M.
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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