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PPP Loan Data — Michael Wotzak, Albany, NY

ALERT: There are 2 PPP loans for a total of $38,125 in our database for businesses with the name "Michael Wotzak" in Albany, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Michael Wotzak
NY

Michael Wotzak

Entity: Self-employed Individual

Industry: Architectural Services

Location: Albany, NY

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Michael Wotzak is a self-employed individual located in Albany, New York that received a Coronavirus-related PPP loan from the SBA of $19,653.00 in March, 2021.

$ PPP Loan Information
Loan #2231338710

Loan Size:

$19,653

Jobs Retained:

1

Loan Approved:

2021-03-28

Loan Status:

Ongoing Loan

Lender:

WebBank

Michael Wotzak in Albany, NY received a Paycheck Protection Loan of $19,653 through WebBank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Michael Wotzak reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,653

Business Information - Michael Wotzak in Albany, NY

Michael Wotzak
Albany, NY
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Architectural Services
NAICS code 541310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Albany County, NY — SBA Office 0248 — Congressional District: NY-20

Similar Companies near Albany

In the Albany area, 13 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 1) and received an average PPP loan of $333,598 (compared to this company's $19,653).

Industry PPP Comparison Statistics

Nationwide, 28,452 businesses in the "Architectural Services" industry received a total of $3.74B 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 9 employees, 800% higher than Michael Wotzak's reported 1 employees, and received an average PPP loan of $131,502, 569% higher than this company's loan of $19,653.

SBA PPP loan data, payroll data, and salaries for Michael Wotzak
NY

Michael Wotzak

Entity: Self-employed Individual

Industry: Building Inspection Services

Location: Albany, NY

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Michael Wotzak is a self-employed individual located in Albany, New York that received a Coronavirus-related PPP loan from the SBA of $18,472.00 in May, 2020.

$ PPP Loan Information
Loan #9710237402

Loan Size:

$18,472

Jobs Retained:

1

Loan Approved:

2020-05-20

Loan Status:

Ongoing Loan

Lender:

WebBank

Michael Wotzak in Albany, NY received a Paycheck Protection Loan of $18,472 through WebBank, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Michael Wotzak reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,472

Business Information - Michael Wotzak in Albany, NY

Michael Wotzak
Albany, NY
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Building Inspection Services
NAICS code 541350

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Albany County, NY — SBA Office 0248 — Congressional District: NY-20

Similar Companies near Albany

In the Albany area, 2 businesses in the "Building Inspection Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $18,311 (compared to this company's $18,472).

Similar Nearby Businesses Who Received PPP Funding:

Shield Guard Home Inspections LLC
Albany, NY

$18,150 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,808 businesses in the "Building Inspection Services" industry received a total of $257.62M 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 4 employees, 300% higher than Michael Wotzak's reported 1 employees, and received an average PPP loan of $37,841, 105% higher than this company's loan of $18,472.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/michael-wotzak-albany-ny