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PPP Loan Data — Dolphin Construction Management LLC,
Elmsford, NY
Dolphin Construction Management LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial and Institutional Building Construction
Location: Elmsford, NY
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Dolphin Construction Management LLC is a limited liability company (LLC) located at 5 Westchester Plz Ste 137 in Elmsford, New York that received a Coronavirus-related PPP loan from the SBA of $231,873.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least seventeen people during the applicable loan loan period.
$
PPP Loan Information
Loan #8036418407
Loan Size:
Jobs Retained:
17Loan Approved:
2021-02-12Loan Status:
Ongoing LoanLender:
Orange Bank & Trust CompanyDolphin Construction Management LLC in Elmsford, NY received a Paycheck Protection Loan of $231,873 through Orange Bank & Trust Company, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Dolphin Construction Management LLC's 2019 payroll expenses are estimated to be at least $1.11M.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $65,470 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dolphin Construction Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $231,870
Business Information - Dolphin Construction Management LLC in Elmsford, NY
5 Westchester Plz Ste 137
Elmsford, NY 10523
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Elmsford
In the Elmsford area, 11 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 17) and received an average PPP loan of $125,011 (compared to this company's $231,873).
Similar Nearby Businesses Who Received PPP Funding:
SAS Construction Services Inc
Elmsford, NY
DSF Concrete Inc. 1 Bayberry Road Elmsford NY 10523
Elmsford, NY
SEP Contracting & Restoration Inc
Dobbs Ferry, NY
US Stone Setting Inc
Elmsford, NY
Westpoint Construction Inc
Elmsford, NY
Cortese Construction
Dobbs Ferry, NY
Ross & Associates, LLC
Dobbs Ferry, NY
DNS Contracting NYC Inc
Elmsford, NY
Industry PPP Comparison Statistics
Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 29% lower than Dolphin Construction Management LLC's reported 17 employees, and received an average PPP loan of $159,889, 31% lower than this company's loan of $231,873.
Dolphin Construction Management LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial and Institutional Building Construction
Location: Elmsford, NY
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Dolphin Construction Management LLC is a limited liability company (LLC) located at 5 Westchester Plaza, Suite 137 in Elmsford, New York that received a Coronavirus-related PPP loan from the SBA of $223,021.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seventeen people during the applicable loan loan period.
$
PPP Loan Information
Loan #2487527204
Loan Size:
Jobs Retained:
17Loan Approved:
2020-04-16Loan Status:
Paid in Full or ForgivenLender:
Orange Bank & Trust CompanyDolphin Construction Management LLC in Elmsford, NY received a Paycheck Protection Loan of $223,021 through Orange Bank & Trust Company, 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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Dolphin Construction Management LLC's 2019 payroll expenses are estimated to be at least $1.07M.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $62,971 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dolphin Construction Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $223,021
Business Information - Dolphin Construction Management LLC in Elmsford, NY
5 Westchester Plaza, Suite 137
Elmsford, NY 10523
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Elmsford
In the Elmsford area, 11 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 17) and received an average PPP loan of $125,011 (compared to this company's $223,021).
Similar Nearby Businesses Who Received PPP Funding:
SAS Construction Services Inc
Elmsford, NY
DSF Concrete Inc. 1 Bayberry Road Elmsford NY 10523
Elmsford, NY
SEP Contracting & Restoration Inc
Dobbs Ferry, NY
US Stone Setting Inc
Elmsford, NY
Westpoint Construction Inc
Elmsford, NY
Cortese Construction
Dobbs Ferry, NY
Ross & Associates, LLC
Dobbs Ferry, NY
DNS Contracting NYC Inc
Elmsford, NY
Industry PPP Comparison Statistics
Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 29% lower than Dolphin Construction Management LLC's reported 17 employees, and received an average PPP loan of $159,889, 28% lower than this company's loan of $223,021.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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