PPP Loan Data — Frontier Industrial Corp., Buffalo, NY
Frontier Industrial Corp. is a corporation located at 500 Seneca Street Suite 504 in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $2,611,269.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITY BANK, NATIONAL ASSOCIATION
Frontier Industrial Corp. in Buffalo, NY received a Paycheck Protection Loan of $2.61M through COMMUNITY BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Frontier Industrial Corp.'s total 2019 payroll expenses were approximately $12.53M in order to qualify for the PPP loan amount received.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $75,964 per employee1.
Business Information - Frontier Industrial Corp. in Buffalo, NY
500 Seneca Street Suite 504
Buffalo, NY 14204
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-26
Similar Companies near Buffalo
In the Buffalo area, 2 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 165) and received an average PPP loan of $2,080,077 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Ontario Specialty Contracting, Inc.
Industry PPP Comparison Statistics
Nationwide, 17,653 businesses in the "Site Preparation Contractors" industry received a total of $2,959,828,729.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 93% lower than Frontier Industrial Corp.'s reported 165 employees, and received an average PPP loan of $167,667, 94% lower than this company's loan of $2.61M.
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.
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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