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PPP Loan Data — Monofrax, LLC, Falconer, NY

SBA PPP loan data, payroll data, and salaries for Monofrax, LLC

Monofrax, LLC

Entity: Limited Liability Company (LLC)

Industry: Clay Building Material and Refractories Manufacturing

Location: Falconer, NY

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Monofrax, LLC is a limited liability company (LLC) located at 1870 New York Avenue in Falconer, New York that received a Coronavirus-related PPP loan from the SBA of $2,509,290.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Monofrax, LLC received a Paycheck Protection Loan of $2.51M through METABANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Monofrax, LLC's total 2019 payroll expenses were approximately $12.04M in order to qualify for the PPP loan amount received.

Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $76,232 per employee1.

Because the loan received by Monofrax, LLC 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 - Monofrax, LLC in Falconer, NY

Monofrax, LLC
1870 New York Avenue
Falconer, NY 14733

Business Industry

Clay Building Material and Refractories Manufacturing (NAICS code 327120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-23

Industry PPP Comparison Statistics

Nationwide, 253 businesses in the "Clay Building Material and Refractories Manufacturing" industry received a total of $114,331,912.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 34 employees, 78% lower than Monofrax, LLC's reported 158 employees, and received an average PPP loan of $451,905, 82% lower than this company's loan of $2.51M.

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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** This Document Provided By - The Civil Employee's Resource **