PPP Loan Data — Mulvaney Construction, Inc, Moravia, NY
Mulvaney Construction, Inc is a subchapter s corporation located at 5361 Skinner Hill Rd Po Box 911 in Moravia, New York that received a Coronavirus-related PPP loan from the SBA of $46,527.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cayuga Lake National Bank
Mulvaney Construction, Inc in Moravia, NY received a Paycheck Protection Loan of $46,527 through Cayuga Lake National Bank, 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, Mulvaney Construction, Inc's 2019 payroll expenses are estimated to be at least $223,330.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,222 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mulvaney Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,527
Business Information - Mulvaney Construction, Inc in Moravia, NY
5361 Skinner Hill Rd Po Box 911
Moravia, NY 13118
Finish Carpentry Contractors
NAICS code 238350
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Moravia
In the Moravia area, 4 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 6) and received an average PPP loan of $15,841 (compared to this company's $46,527).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 28,703 businesses in the "Finish Carpentry Contractors" industry received a total of $1.11B 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, 33% lower than Mulvaney Construction, Inc's reported 6 employees, and received an average PPP loan of $38,555, 17% lower than this company's loan of $46,527.
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Footnotes & Information
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