PPP Loan Data — Gianfia Corp, Hawthorne, NY
Gianfia Corp is a subchapter s corporation located at 179 Brady Ave in Hawthorne, New York that received a Coronavirus-related PPP loan from the SBA of $2,889,000.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 70 people during the applicable loan loan period.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Gianfia Corp in Hawthorne, NY received a Paycheck Protection Loan of $2.89M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 70 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 139.
Based on standard PPP eligibility rules, Gianfia Corp's total 2019 payroll expenses were approximately $13.87M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 70 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Gianfia Corp in Hawthorne, NY
179 Brady Ave
Hawthorne, NY 10532
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-17
Similar Companies near Hawthorne
In the Hawthorne area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 70) and received an average PPP loan of $1,495,500 (compared to this company's $2.89M).
Similar Nearby Businesses Who Received PPP Funding:
3D Pavement Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 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 26 employees, 63% lower than Gianfia Corp's reported 70 employees, and received an average PPP loan of $405,656, 86% lower than this company's loan of $2.89M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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