PPP Loan Data — Daly Paving Inc, Arcade, NY
Daly Paving Inc is a corporation located at 57 Haskell Ave in Arcade, New York that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Bank of Castile
Daly Paving Inc in Arcade, NY received a Paycheck Protection Loan of $45,900 through The Bank of Castile, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Daly Paving Inc's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, Daly Paving Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Daly Paving Inc in Arcade, NY
57 Haskell Ave
Arcade, NY 14009
Asphalt Paving Mixture and Block Manufacturing
NAICS code 324121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,948 businesses in the "Asphalt Paving Mixture and Block Manufacturing" industry received a total of $357.75M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 15 employees, 200% higher than Daly Paving Inc's reported 5 employees, and received an average PPP loan of $183,652, 300% higher than this company's loan of $45,900.
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Footnotes & Information
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