PPP Loan Data — Gernatt Asphalt Products, Inc., Collins, NY
Gernatt Asphalt Products, Inc. is a corporation located at 13870 Taylor Hollow Road in Collins, New York that received a Coronavirus-related PPP loan from the SBA of $2,620,530.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Gernatt Asphalt Products, Inc. in Collins, NY received a Paycheck Protection Loan of $2.62M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gernatt Asphalt Products, Inc.'s total 2019 payroll expenses were approximately $12.58M in order to qualify for the PPP loan amount received.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $92,489 per employee1.
Business Information - Gernatt Asphalt Products, Inc. in Collins, NY
13870 Taylor Hollow Road
Collins, NY 14034
Construction Sand and Gravel Mining (NAICS code 212321)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-27
Industry PPP Comparison Statistics
Nationwide, 2,440 businesses in the "Construction Sand and Gravel Mining" industry received a total of $395,301,105.00 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 12 employees, 91% lower than Gernatt Asphalt Products, Inc.'s reported 136 employees, and received an average PPP loan of $162,009, 94% lower than this company's loan of $2.62M.
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Footnotes & Information
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