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PPP Loan Data — Dairy Conveyor Corp, Brewster, NY

SBA PPP loan data, payroll data, and salaries for Dairy Conveyor Corp
NY

Dairy Conveyor Corp

Entity: Subchapter S Corporation

Industry: Conveyor and Conveying Equipment Manufacturing

Location: Brewster, NY

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Dairy Conveyor Corp is a subchapter s corporation located at 38 Mt Ebo Rd S in Brewster, New York that received a Coronavirus-related PPP loan from the SBA of $2,496,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

125

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Dairy Conveyor Corp in Brewster, NY received a Paycheck Protection Loan of $2.5M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dairy Conveyor Corp's total 2019 payroll expenses were approximately $11.98M in order to qualify for the PPP loan amount received.

Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $95,866 per employee1.

Because the loan received by Dairy Conveyor 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 - Dairy Conveyor Corp in Brewster, NY

Dairy Conveyor Corp
38 Mt Ebo Rd S
Brewster, NY 10509

Business Industry

Conveyor and Conveying Equipment Manufacturing (NAICS code 333922)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-18

Industry PPP Comparison Statistics

Nationwide, 409 businesses in the "Conveyor and Conveying Equipment Manufacturing" industry received a total of $209,433,358.00 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 30 employees, 76% lower than Dairy Conveyor Corp's reported 125 employees, and received an average PPP loan of $512,062, 79% lower than this company's loan of $2.5M.

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.

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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/dairy-conveyor-corp-brewster-ny