PPP Loan Data — Mcalpin Industries Inc, Rochester, NY
Mcalpin Industries Inc
Location: Rochester, NYTweet This • Search All PPP Data
Mcalpin Industries Inc is a corporation located at 255 Hollenbeck Street in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $1,820,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 171 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Mcalpin Industries Inc in Rochester, NY received a Paycheck Protection Loan of $1.82M through KeyBank National Association, which was approved in April, 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 January, 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, Mcalpin Industries Inc's 2019 payroll expenses are estimated to be at least $8.74M.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $51,088 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcalpin Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,820,000
Business Information - Mcalpin Industries Inc in Rochester, NY
255 Hollenbeck Street
Rochester, NY 14621
Electroplating, Plating, Polishing, Anodizing, and Coloring
NAICS code 332813
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Rochester
In the Rochester area, 4 businesses in the "Electroplating, Plating, Polishing, Anodizing, and Coloring" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 171) and received an average PPP loan of $487,959 (compared to this company's $1.82M).
Similar Nearby Businesses Who Received PPP Funding:
QOS Entrprises LLC
QOS Enterprises LLC
Fauth Finishing Inc
Industry PPP Comparison Statistics
Nationwide, 1,840 businesses in the "Electroplating, Plating, Polishing, Anodizing, and Coloring" industry received a total of $484.67M 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 26 employees, 85% lower than Mcalpin Industries Inc's reported 171 employees, and received an average PPP loan of $263,408, 86% lower than this company's loan of $1.82M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!