PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Jamestown Container Co, Falconer, NY

SBA PPP loan data, payroll data, and salaries for Jamestown Container Co
NY

Jamestown Container Co

Entity: Limited Liability Company (LLC)

Industry: Corrugated and Solid Fiber Box Manufacturing

Location: Falconer, NY

Search All PPP Data

Jamestown Container Co is a limited liability company (LLC) located at 14 Deming Drive in Falconer, New York that received a Coronavirus-related PPP loan from the SBA of $4,400,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.4M

Jobs Retained:

500

Loan Approved:

2020-04-14

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Jamestown Container Co in Falconer, NY received a Paycheck Protection Loan of $4.4M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jamestown Container Co's total 2019 payroll expenses were approximately $21.12M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,240 per employee1.

Because the loan received by Jamestown Container Co 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 - Jamestown Container Co in Falconer, NY

Jamestown Container Co
14 Deming Drive
Falconer, NY 14733

Business Industry

Corrugated and Solid Fiber Box Manufacturing (NAICS code 322211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-23

Industry PPP Comparison Statistics

Nationwide, 520 businesses in the "Corrugated and Solid Fiber Box Manufacturing" industry received a total of $288,157,321.00 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 43 employees, 91% lower than Jamestown Container Co's reported 500 employees, and received an average PPP loan of $554,149, 87% lower than this company's loan of $4.4M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jamestown-container-co-falconer-ny