PPP Loan Data — Magellan Concrete Structures 1 Corp, Brooklyn, NY
Magellan Concrete Structures 1 Corp
Entity: Subchapter S Corporation
Location: Brooklyn, NYTweet This • Search All PPP Data
Magellan Concrete Structures 1 Corp is a subchapter s corporation located at 233 Powell Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,982,800.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:CAPITAL ONE, NATIONAL ASSOCIATION
Magellan Concrete Structures 1 Corp in Brooklyn, NY received a Paycheck Protection Loan of $2.98M through CAPITAL ONE, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Magellan Concrete Structures 1 Corp's total 2019 payroll expenses were approximately $14.32M in order to qualify for the PPP loan amount received.
Unlike most businesses, Magellan Concrete Structures 1 Corp's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Magellan Concrete Structures 1 Corp in Brooklyn, NY
233 Powell Street
Brooklyn, NY 11212
Poured Concrete Foundation and Structure Contractors (NAICS code 238110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-09
Similar Companies near Brooklyn
In the Brooklyn area, 3 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $1,164,941 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
Endeavor Construction Group Corp
Capital Concrete NY Inc
Industry PPP Comparison Statistics
Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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, and received an average PPP loan of $177,269, 94% lower than this company's loan of $2.98M.
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Footnotes & Information
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