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PPP Loan Data — Deluca Associates, Inc., Mineola, NY

SBA PPP loan data, payroll data, and salaries for Deluca Associates, Inc.
NY

Deluca Associates, Inc.

Entity: Subchapter S Corporation

Industry: Security Guards and Patrol Services

Location: Mineola, NY

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Deluca Associates, Inc. is a subchapter s corporation located at 220 Mineola Blvd Ste 5 in Mineola, New York that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3M

Jobs Retained:

373

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Deluca Associates, Inc. received a Paycheck Protection Loan of $3M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Deluca Associates, Inc.'s total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.

Based on their reported 373 jobs retained, this equals an estimated average yearly compensation of $38,606 per employee1.

Because the loan received by Deluca Associates, Inc. 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 - Deluca Associates, Inc. in Mineola, NY

Deluca Associates, Inc.
220 Mineola Blvd Ste 5
Mineola, NY 11501

Business Industry

Security Guards and Patrol Services (NAICS code 561612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-04

Similar Companies near Mineola

In the Mineola area, 2 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 200 employees (compared to this company's 373) and received an average PPP loan of $1,543,364 (compared to this company's $3M).

Similar Nearby Businesses Who Received PPP Funding:

Monitor Protection Co., Inc.
Mineola, NY

$86,727 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,165 businesses in the "Security Guards and Patrol Services" industry received a total of $1,003,129,142.00 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 36 employees, 90% lower than Deluca Associates, Inc.'s reported 373 employees, and received an average PPP loan of $240,847, 92% 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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/deluca-associates-inc-mineola-ny