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PPP Loan Data — Jantile Incorporated,
Armonk, NY
Jantile Incorporated
Entity: Corporation
Industry: Masonry Contractors
Location: Armonk, NY
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Jantile Incorporated is a corporation located at 100 Business Park Dr in Armonk, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least 290 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8369648306
Loan Size:
Jobs Retained:
290Loan Approved:
2021-01-29Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationJantile Incorporated in Armonk, NY received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in January, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Jantile Incorporated's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 290 jobs retained, this equals an estimated average yearly compensation of $33,103 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jantile Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Jantile Incorporated in Armonk, NY
100 Business Park Dr
Armonk, NY 10504
Business Industry:
Masonry Contractors
NAICS code 238140
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Jantile Incorporated.
The Edge Of Dance, LTD
Unclassified Establishments
Zonca Terrazzo And Mosaic LLC
Masonry Contractors
Jantile Specialties LLC
Masonry Contractors
Similar Companies near Armonk
In the Armonk area, 3 businesses in the "Masonry Contractors" industry received a PPP loan. These local businesses reported an average of 290 employees (compared to this company's 290) and received an average PPP loan of $1,123,938 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Zonca Terrazzo And Mosaic LLC
Armonk, NY
Jantile Specialties LLC
Armonk, NY
Industry PPP Comparison Statistics
Nationwide, 16,406 businesses in the "Masonry Contractors" industry received a total of $1.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 97% lower than Jantile Incorporated's reported 290 employees, and received an average PPP loan of $100,507, 95% lower than this company's loan of $2M.
Jantile Incorporated
Entity: Corporation
Industry: Tile and Terrazzo Contractors
Location: Armonk, NY
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Jantile Incorporated is a corporation located at 100 Business Park Dr in Armonk, New York that received a Coronavirus-related PPP loan from the SBA of $5,750,780.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 334 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6078067107
Loan Size:
Jobs Retained:
334Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationJantile Incorporated in Armonk, NY received a Paycheck Protection Loan of $5.75M through Bank of America, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Jantile Incorporated's 2019 payroll expenses are estimated to be at least $27.6M.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $82,646 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jantile Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,750,780
Business Information - Jantile Incorporated in Armonk, NY
100 Business Park Dr
Armonk, NY 10504
Business Industry:
Tile and Terrazzo Contractors
NAICS code 238340
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Jantile Incorporated.
The Edge Of Dance, LTD
Unclassified Establishments
Zonca Terrazzo And Mosaic LLC
Masonry Contractors
Jantile Specialties LLC
Masonry Contractors
Similar Companies near Armonk
In the Armonk area, 2 businesses in the "Tile and Terrazzo Contractors" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 334) and received an average PPP loan of $2,887,890 (compared to this company's $5.75M).
Similar Nearby Businesses Who Received PPP Funding:
Frank Vesuvio & Marble
Armonk, NY
Industry PPP Comparison Statistics
Nationwide, 8,647 businesses in the "Tile and Terrazzo Contractors" industry received a total of $599.73M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 98% lower than Jantile Incorporated's reported 334 employees, and received an average PPP loan of $69,357, 99% lower than this company's loan of $5.75M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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