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PPP Loan Data — Mayrich Construction Corp,
Bronx, NY
Mayrich Construction Corp
Entity: Corporation
Industry: Site Preparation Contractors
Location: Bronx, NY
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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
Loan Size:
Jobs Retained:
136Loan Approved:
2020-04-27Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONMayrich 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
Business Industry
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-15Similar 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.
Bronx, NY
Dpltech Corp
Bronx, NY
Mellifont Construction
Bronx, NY
Imperiex Construction Inc.
Bronx, NY
NY Signature Interiors LLC
Bronx, NY
Rigging Consultants, Inc
Bronx, NY
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.
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