PPP Loan Data — Erie Materials Inc, Syracuse, NY
Erie Materials Inc
Entity: Subchapter S Corporation
Location: Syracuse, NYTweet This • Search All PPP Data
Erie Materials Inc is a subchapter s corporation located at 500 Factory Avenue in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $2,992,227.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Erie Materials Inc in Syracuse, NY received a Paycheck Protection Loan of $2.99M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Erie Materials Inc's total 2019 payroll expenses were approximately $14.36M in order to qualify for the PPP loan amount received.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $74,806 per employee1.
Business Information - Erie Materials Inc in Syracuse, NY
500 Factory Avenue
Syracuse, NY 13208
Roofing, Siding, and Insulation Material Merchant Wholesalers (NAICS code 423330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-24
Industry PPP Comparison Statistics
Nationwide, 828 businesses in the "Roofing, Siding, and Insulation Material Merchant Wholesalers" industry received a total of $184,583,791.00 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 16 employees, 92% lower than Erie Materials Inc's reported 192 employees, and received an average PPP loan of $222,927, 93% lower than this company's loan of $2.99M.
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