PPP Loan Data — Mayrich Construction Corp, Bronx, NY
Mayrich Construction Corp is a corporation located at 1141 Oak Point Ave in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $2,582,877.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Mayrich Construction Corp received a Paycheck Protection Loan of $2.58M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mayrich Construction Corp's total 2019 payroll expenses were approximately $12.4M in order to qualify for the PPP loan amount received.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $91,160 per employee1.
Business Information - Mayrich Construction Corp in Bronx, NY
1141 Oak Point Ave
Bronx, NY 10474
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-15
Similar Companies near Bronx
In the Bronx area, 7 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 136) and received an average PPP loan of $484,674 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
Signature Interior Demolition Inc.
Imperiex Construction Inc.
NY Signature Interiors LLC
Rigging Consultants, Inc
Industry PPP Comparison Statistics
Nationwide, 17,653 businesses in the "Site Preparation Contractors" industry received a total of $2,959,828,729.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 91% lower than Mayrich Construction Corp's reported 136 employees, and received an average PPP loan of $167,667, 94% lower than this company's loan of $2.58M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!