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PPP Loan Data — Highbury Concrete Inc,
Maspeth, NY
Highbury Concrete Inc
Entity: Corporation
Industry: Poured Concrete Foundation and Structure Contractors
Location: Maspeth, NY
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Highbury Concrete Inc is a corporation located at 53-19 46th Street in Maspeth, New York that received a Coronavirus-related PPP loan from the SBA of $6,229,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
374Loan Approved:
2020-04-28Lender:
IDAHO FIRST BANKHighbury Concrete Inc received a Paycheck Protection Loan of $6.23M through IDAHO FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Highbury Concrete Inc's total 2019 payroll expenses were approximately $29.9M in order to qualify for the PPP loan amount received.
Based on their reported 374 jobs retained, this equals an estimated average yearly compensation of $79,952 per employee1.
Business Information - Highbury Concrete Inc in Maspeth, NY
53-19 46th Street
Maspeth, NY 11378
Business Industry
Poured Concrete Foundation and Structure Contractors (NAICS code 238110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near Maspeth
In the Maspeth area, 6 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 374) and received an average PPP loan of $1,163,534 (compared to this company's $6.23M).
Similar Nearby Businesses Who Received PPP Funding:
Casino Development Group Inc
Maspeth, NY
Irish Mist Corp
Maspeth, NY
Anes, Inc.
Middle Village, NY
Luigi Caliendo And Sons Inc
Maspeth, NY
Shamrock Concrete And Masonry LLC
Woodside, NY
Industry PPP Comparison Statistics
Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 96% lower than Highbury Concrete Inc's reported 374 employees, and received an average PPP loan of $177,269, 97% lower than this company's loan of $6.23M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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