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PPP Loan Data — Halmar International LLC, Nanuet, NY

SBA PPP loan data, payroll data, and salaries for Halmar International LLC
NY

Halmar International LLC

Entity: Limited Liability Company (LLC)

Industry: Other Heavy and Civil Engineering Construction

Location: Nanuet, NY

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Halmar International LLC is a limited liability company (LLC) located at 421 East Route 59 in Nanuet, New York that received a Coronavirus-related PPP loan from the SBA of $7,313,022.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.31M

Jobs Retained:

408

Loan Approved:

2020-04-13

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Halmar International LLC in Nanuet, NY received a Paycheck Protection Loan of $7.31M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Halmar International LLC's total 2019 payroll expenses were approximately $35.1M in order to qualify for the PPP loan amount received.

Based on their reported 408 jobs retained, this equals an estimated average yearly compensation of $86,036 per employee1.

Because the loan received by Halmar International LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Halmar International LLC in Nanuet, NY

Halmar International LLC
421 East Route 59
Nanuet, NY 10954

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-17

Similar Companies near Nanuet

In the Nanuet area, 2 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 205 employees (compared to this company's 408) and received an average PPP loan of $3,665,069 (compared to this company's $7.31M).

Similar Nearby Businesses Who Received PPP Funding:

Mr Construction Of Rockland Inc
Nanuet, NY

$17,115 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 95% lower than Halmar International LLC's reported 408 employees, and received an average PPP loan of $308,548, 96% lower than this company's loan of $7.31M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/halmar-international-llc-nanuet-ny