PPP Loan Data — Nile Structural Corp, Brooklyn, NY
Nile Structural Corp is a corporation located at 155 3rd Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Nile Structural Corp in Brooklyn, NY received a Paycheck Protection Loan of $25,100 through Manufacturers and Traders Trust Company, 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 March, 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, Nile Structural Corp's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nile Structural Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Nile Structural Corp in Brooklyn, NY
155 3rd Street
Brooklyn, NY 11231
Other Heavy and Civil Engineering Construction
NAICS code 237990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 4 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 4) and received an average PPP loan of $170,418 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Advance Builders Inc
Zafra Minhas Construction LLC
CNB Crane Service LLC
Industry PPP Comparison Statistics
Nationwide, 11,233 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 325% higher than Nile Structural Corp's reported 4 employees, and received an average PPP loan of $234,414, 834% higher than this company's loan of $25,100.
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Footnotes & Information
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