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PPP Loan Data — Mohawk Global Logistics Corp., North Syracuse, NY

SBA PPP loan data, payroll data, and salaries for Mohawk Global Logistics Corp.
NY

Mohawk Global Logistics Corp.

Entity: Subchapter S Corporation

Industry: All Other Professional, Scientific, and Technical Services

Location: North Syracuse, NY

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Mohawk Global Logistics Corp. is a subchapter s corporation located at 123 Air Cargo Rd in North Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $2,716,575.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.72M

Jobs Retained:

186

Loan Approved:

2020-04-14

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Mohawk Global Logistics Corp. received a Paycheck Protection Loan of $2.72M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mohawk Global Logistics Corp.'s total 2019 payroll expenses were approximately $13.04M in order to qualify for the PPP loan amount received.

Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $70,105 per employee1.

Because the loan received by Mohawk Global Logistics Corp. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mohawk Global Logistics Corp. in North Syracuse, NY

Mohawk Global Logistics Corp.
123 Air Cargo Rd
North Syracuse, NY 13212

Business Industry

All Other Professional, Scientific, and Technical Services (NAICS code 541990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-24

Similar Companies near North Syracuse

In the North Syracuse area, 10 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 186) and received an average PPP loan of $321,847 (compared to this company's $2.72M).

Industry PPP Comparison Statistics

Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 97% lower than Mohawk Global Logistics Corp.'s reported 186 employees, and received an average PPP loan of $74,488, 97% lower than this company's loan of $2.72M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/mohawk-global-logistics-corp-north-syracuse-ny