PPP Loan Data — Fuccillo Automotive Group, Inc., Adams, NY
Fuccillo Automotive Group, Inc.
Entity: Subchapter S Corporation
Location: Adams, NYTweet This • Search All PPP Data
Fuccillo Automotive Group, Inc. is a subchapter s corporation located at 10524 U. S. Route 11 in Adams, New York that received a Coronavirus-related PPP loan from the SBA of $3,488,040.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Fuccillo Automotive Group, Inc. in Adams, NY received a Paycheck Protection Loan of $3.49M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fuccillo Automotive Group, Inc.'s total 2019 payroll expenses were approximately $16.74M in order to qualify for the PPP loan amount received.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $46,898 per employee1.
Business Information - Fuccillo Automotive Group, Inc. in Adams, NY
10524 U. S. Route 11
Adams, NY 13605
Corporate, Subsidiary, and Regional Managing Offices (NAICS code 551114)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-21
Industry PPP Comparison Statistics
Nationwide, 1,588 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $300,626,226.00 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 17 employees, 95% lower than Fuccillo Automotive Group, Inc.'s reported 357 employees, and received an average PPP loan of $189,311, 95% lower than this company's loan of $3.49M.
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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