PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — PCI Industries Corp, Mount Vernon, NY

ALERT: There are 2 PPP loans for a total of $5.33M in our database for businesses with the name "PCI Industries Corp" in Mount Vernon, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for PCI Industries Corp
NY

PCI Industries Corp

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Mount Vernon, NY

Search All PPP Data

PCI Industries Corp is a corporation located at 550 Franklin Ave in Mount Vernon, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least 120 people during the applicable loan loan period.

$ PPP Loan Information Loan #1768098302

Loan Size:

$2M

Jobs Retained:

120

Loan Approved:

2021-01-19

Loan Status:

Ongoing Loan

Lender:

The First Bank of Greenwich

PCI Industries Corp in Mount Vernon, NY received a Paycheck Protection Loan of $2M through The First Bank of Greenwich, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, PCI Industries Corp's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $80,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, PCI Industries Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by PCI Industries 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 - PCI Industries Corp in Mount Vernon, NY

PCI Industries Corp
550 Franklin Ave
Mount Vernon, NY 10550

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Westchester County, NY — SBA Office 0202 — Congressional District: NY-16

Similar Companies near Mount Vernon

In the Mount Vernon area, 11 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 120) and received an average PPP loan of $646,963 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 10,581 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3,820,215,711.00 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 27 employees, 78% lower than PCI Industries Corp's reported 120 employees, and received an average PPP loan of $361,045, 82% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for PCI Industries Corp
NY

PCI Industries Corp

Entity: Corporation

Industry: Power and Communication Line and Related Structures Construction

Location: Mount Vernon, NY

Search All PPP Data

PCI Industries Corp is a corporation located at 550 Franklin Ave in Mount Vernon, New York that received a Coronavirus-related PPP loan from the SBA of $3,333,200.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 160 people during the applicable loan loan period.

$ PPP Loan Information Loan #5885007004

Loan Size:

$3.33M

Jobs Retained:

160

Loan Approved:

2020-04-06

Loan Status:

Ongoing Loan

Lender:

The First Bank of Greenwich

PCI Industries Corp in Mount Vernon, NY received a Paycheck Protection Loan of $3.33M through The First Bank of Greenwich, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, PCI Industries Corp's 2019 payroll expenses are estimated to be at least $16M (not accounting for salary amounts > $100k).

Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $99,996 (not accounting for salary amounts > $100k) per employee1

Reported PPP Proceed Usage:

On the PPP application, PCI Industries Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,333,200
Because the loan received by PCI Industries 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 - PCI Industries Corp in Mount Vernon, NY

PCI Industries Corp
550 Franklin Ave
Mount Vernon, NY 10550

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Westchester County, NY — SBA Office 0202 — Congressional District: NY-16

Industry PPP Comparison Statistics

Nationwide, 4,195 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $1,016,007,446.00 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 19 employees, 88% lower than PCI Industries Corp's reported 160 employees, and received an average PPP loan of $242,195, 93% lower than this company's loan of $3.33M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pci-industries-corp-mount-vernon-ny