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PPP Loan Data — DGC Capital Contracting Corp., Mount Vernon, NY

SBA PPP loan data, payroll data, and salaries for DGC Capital Contracting Corp.
NY

DGC Capital Contracting Corp.

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Mount Vernon, NY

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DGC Capital Contracting Corp. is a corporation located at 506 South Ninth Ave in Mount Vernon, New York that received a Coronavirus-related PPP loan from the SBA of $2,831,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.83M

Jobs Retained:

289

Loan Approved:

2020-04-15

Lender:

SIGNATURE BANK

DGC Capital Contracting Corp. in Mount Vernon, NY received a Paycheck Protection Loan of $2.83M through SIGNATURE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, DGC Capital Contracting Corp.'s total 2019 payroll expenses were approximately $13.59M in order to qualify for the PPP loan amount received.

Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $47,020 per employee1.

Because the loan received by DGC Capital Contracting 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 - DGC Capital Contracting Corp. in Mount Vernon, NY

DGC Capital Contracting Corp.
506 South Ninth Ave
Mount Vernon, NY 10550

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-16

Similar Companies near Mount Vernon

In the Mount Vernon area, 18 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 289) and received an average PPP loan of $509,790 (compared to this company's $2.83M).

Industry PPP Comparison Statistics

Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 96% lower than DGC Capital Contracting Corp.'s reported 289 employees, and received an average PPP loan of $203,235, 93% lower than this company's loan of $2.83M.

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/dgc-capital-contracting-corp-mount-vernon-ny