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PPP Loan Data — Maccarone Plumbing Inc,
Glen Cove, NY
Maccarone Plumbing Inc
Entity: Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Glen Cove, NY
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Maccarone Plumbing Inc is a corporation located at 10 Sea Cliff Ave in Glen Cove, New York that received a Coronavirus-related PPP loan from the SBA of $4,491,100.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
234Loan Approved:
2020-04-28Lender:
NEWTEK SMALL BUSINESS FINANCE, INC.Maccarone Plumbing Inc received a Paycheck Protection Loan of $4.49M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Maccarone Plumbing Inc's total 2019 payroll expenses were approximately $21.56M in order to qualify for the PPP loan amount received.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $92,125 per employee1.
Business Information - Maccarone Plumbing Inc in Glen Cove, NY
10 Sea Cliff Ave
Glen Cove, NY 11542
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-03Similar Companies near Glen Cove
In the Glen Cove area, 7 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 234) and received an average PPP loan of $728,772 (compared to this company's $4.49M).
Similar Nearby Businesses Who Received PPP Funding:
Tempco, Inc.
Glen Cove, NY
Rich Mcgrady Plumbing Corp
Glen Cove, NY
Brilliant Air LLC
Glen Cove, NY
Baker Air Inc
Glen Cove, NY
Hassel Plumbing Corp
Glen Cove, NY
Quinn And Feiner Service Company, Inc.
Glen Cove, NY
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than Maccarone Plumbing Inc's reported 234 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $4.49M.
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.
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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