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PPP Loan Data — Island Consolidated LLC,
Calverton, NY
Island Consolidated LLC
Entity: Limited Liability Company (LLC)
Industry: Drywall and Insulation Contractors
Location: Calverton, NY
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Island Consolidated LLC is a limited liability company (LLC) located at 1101 Scott Avenue in Calverton, New York that received a Coronavirus-related PPP loan from the SBA of $2,469,552.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
148Loan Approved:
2020-04-28Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONIsland Consolidated LLC in Calverton, NY received a Paycheck Protection Loan of $2.47M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Island Consolidated LLC's total 2019 payroll expenses were approximately $11.85M in order to qualify for the PPP loan amount received.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $80,094 per employee1.
Business Information - Island Consolidated LLC in Calverton, NY
1101 Scott Avenue
Calverton, NY 11933
Business Industry
Drywall and Insulation Contractors (NAICS code 238310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-01Similar Companies near Calverton
In the Calverton area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 148) and received an average PPP loan of $839,267 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Motovated LLC
Calverton, NY
Paul Frank Dileo
Center Moriches, NY
Industry PPP Comparison Statistics
Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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, 91% lower than Island Consolidated LLC's reported 148 employees, and received an average PPP loan of $192,711, 92% lower than this company's loan of $2.47M.
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.
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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