PPP Loan Data — JH Builders Of NY Inc, Monroe, NY
JH Builders Of NY Inc
Location: Monroe, NYTweet This • Search All PPP Data
JH Builders Of NY Inc is a corporation located at 6 Isreal Zupnick Dr 302 in Monroe, New York that received a Coronavirus-related PPP loan from the SBA of $25,333.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Trenton Business Assistance Corporation
JH Builders Of NY Inc in Monroe, NY received a Paycheck Protection Loan of $25,333 through Trenton Business Assistance Corporation, which was approved in May, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, JH Builders Of NY Inc's 2019 payroll expenses are estimated to be at least $121,598.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,799 per employee1
Reported PPP Proceed Usage:
On the PPP application, JH Builders Of NY Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,333
Business Information - JH Builders Of NY Inc in Monroe, NY
6 Isreal Zupnick Dr 302
Monroe, NY 10950
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Monroe
In the Monroe area, 18 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $36,600 (compared to this company's $25,333).
Similar Nearby Businesses Who Received PPP Funding:
MSN Management Inc
MYM Management Corp
NYP Drywal Corp
S N R Consulting Group Inc
Meridian Construction Creations Inc
Kaufman Group Inc
Doss Building Corp
Rsbm Management LLC
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 500% higher than JH Builders Of NY Inc's reported 2 employees, and received an average PPP loan of $157,325, 521% higher than this company's loan of $25,333.
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Footnotes & Information
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