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PPP Loan Data — Hope's Windows, Inc., Jamestown, NY

SBA PPP loan data, payroll data, and salaries for Hope's Windows, Inc.
NY

Hope's Windows, Inc.

Entity: Corporation

Industry: Metal Window and Door Manufacturing

Location: Jamestown, NY

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Hope's Windows, Inc. is a corporation located at 84 Hopkins Avenue in Jamestown, New York that received a Coronavirus-related PPP loan from the SBA of $2,498,407.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

192

Loan Approved:

2020-04-14

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Hope's Windows, Inc. received a Paycheck Protection Loan of $2.5M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hope's Windows, Inc.'s total 2019 payroll expenses were approximately $11.99M in order to qualify for the PPP loan amount received.

Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $62,460 per employee1.

Because the loan received by Hope's Windows, Inc. 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 - Hope's Windows, Inc. in Jamestown, NY

Hope's Windows, Inc.
84 Hopkins Avenue
Jamestown, NY 14701

Business Industry

Metal Window and Door Manufacturing (NAICS code 332321)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-23

Industry PPP Comparison Statistics

Nationwide, 965 businesses in the "Metal Window and Door Manufacturing" industry received a total of $295,266,784.00 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 24 employees, 88% lower than Hope's Windows, Inc.'s reported 192 employees, and received an average PPP loan of $305,976, 88% lower than this company's loan of $2.5M.

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.

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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/hopes-windows-inc-jamestown-ny