PPP Loan Data — Northeast Structural Steel, Inc., Yonkers, NY
Northeast Structural Steel, Inc. is a corporation located at 916 Old Nepperhan Ave in Yonkers, New York that received a Coronavirus-related PPP loan from the SBA of $6,104,900.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:STERLING NATIONAL BANK
Northeast Structural Steel, Inc. in Yonkers, NY received a Paycheck Protection Loan of $6.1M through STERLING NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northeast Structural Steel, Inc.'s total 2019 payroll expenses were approximately $29.3M in order to qualify for the PPP loan amount received.
Unlike most businesses, Northeast Structural Steel, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Northeast Structural Steel, Inc. in Yonkers, NY
916 Old Nepperhan Ave
Yonkers, NY 10703
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NY-16
Similar Companies near Yonkers
In the Yonkers area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $3,063,756 (compared to this company's $6.1M).
Similar Nearby Businesses Who Received PPP Funding:
Nore Shore Construction Corp
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, and received an average PPP loan of $405,656, 93% lower than this company's loan of $6.1M.
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Footnotes & Information
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