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PPP Loan Data — Endicott Clay Products Company, Endicott, NE

SBA PPP loan data, payroll data, and salaries for Endicott Clay Products Company
NE

Endicott Clay Products Company

Entity: Corporation

Industry: Concrete Block and Brick Manufacturing

Location: Endicott, NE

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Endicott Clay Products Company is a corporation located at 707th Rd in Endicott, Nebraska that received a Coronavirus-related PPP loan from the SBA of $2,838,700.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.84M

Jobs Retained:

250

Loan Approved:

2020-04-04

Lender:

FNB WASHINGTON

Endicott Clay Products Company received a Paycheck Protection Loan of $2.84M through FNB WASHINGTON, which was approved in April, 2020.

Based on standard PPP eligibility rules, Endicott Clay Products Company's total 2019 payroll expenses were approximately $13.63M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $54,503 per employee1.

Because the loan received by Endicott Clay Products Company 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 - Endicott Clay Products Company in Endicott, NE

Endicott Clay Products Company
707th Rd
Endicott, NE 68350

Business Industry

Concrete Block and Brick Manufacturing (NAICS code 327331)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NE-03

Industry PPP Comparison Statistics

Nationwide, 360 businesses in the "Concrete Block and Brick Manufacturing" industry received a total of $108,298,175.00 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 23 employees, 91% lower than Endicott Clay Products Company's reported 250 employees, and received an average PPP loan of $300,828, 89% lower than this company's loan of $2.84M.

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.

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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/endicott-clay-products-company-endicott-ne