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

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.

Business Information - Pelican Management, Inc. in New Rochelle, NY

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.