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PPP Loan Data — Pelican Management, Inc., New Rochelle, NY

SBA PPP loan data, payroll data, and salaries for Pelican Management, Inc.
NY

Pelican Management, Inc.

Entity: Subchapter S Corporation

Industry: Lessors of Residential Buildings and Dwellings

Location: New Rochelle, NY

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Pelican Management, Inc. is a subchapter s corporation located at 524 North Avenue in New Rochelle, New York that received a Coronavirus-related PPP loan from the SBA of $3,679,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.68M

Jobs Retained:

251

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Pelican Management, Inc. in New Rochelle, NY received a Paycheck Protection Loan of $3.68M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pelican Management, Inc.'s total 2019 payroll expenses were approximately $17.66M in order to qualify for the PPP loan amount received.

Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $70,361 per employee1.

Because the loan received by Pelican Management, Inc. 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 - Pelican Management, Inc. in New Rochelle, NY

Pelican Management, Inc.
524 North Avenue
New Rochelle, NY 10801

Business Industry

Lessors of Residential Buildings and Dwellings (NAICS code 531110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-16

Similar Companies near New Rochelle

In the New Rochelle area, 10 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 251) and received an average PPP loan of $464,355 (compared to this company's $3.68M).

Industry PPP Comparison Statistics

Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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 8 employees, 97% lower than Pelican Management, Inc.'s reported 251 employees, and received an average PPP loan of $80,929, 98% lower than this company's loan of $3.68M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pelican-management-inc-new-rochelle-ny