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PPP Loan Data — PMM Cranes LLC,
Hauppauge, NY
PMM Cranes LLC
Entity: Limited Liability Company (LLC)
Industry: Industrial Machinery and Equipment Merchant Wholesalers
Location: Hauppauge, NY
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PMM Cranes LLC is a limited liability company (LLC) located at 1765 Express Dr N in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $310,682.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least seventeen people during the applicable loan loan period.
$
PPP Loan Information
Loan #1017718406
Loan Size:
Jobs Retained:
17Loan Approved:
2021-01-31Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationPMM Cranes LLC in Hauppauge, NY received a Paycheck Protection Loan of $310,682 through JPMorgan Chase Bank, National Association, which was approved in January, 2021.
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, 2022.
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 MoreUnderstanding 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 MoreBased 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, PMM Cranes LLC's 2019 payroll expenses are estimated to be at least $1.49M.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $87,722 per employee1
Reported PPP Proceed Usage:
On the PPP application, PMM Cranes LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $310,682
Business Information - PMM Cranes LLC in Hauppauge, NY
1765 Express Dr N
Hauppauge, NY 11788
Business Industry:
Industrial Machinery and Equipment Merchant Wholesalers
NAICS code 423830
Business Owner Demographics
Race: Unreported
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: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as PMM Cranes LLC.
Cccp Inc
Unclassified Establishments
Pedowitz Machinery Movers Of Connecticut
Specialized Freight (except Used Goods) Trucking, Local
Pedowitz Machinery Movers Of Connecticut, Inc
General Freight Trucking, Local
Pedowitz Machinery Movers Of Florida
General Freight Trucking, Local
Pedowitz Machinery Movers Of New Jersey Inc
Specialized Freight (except Used Goods) Trucking, Long-Distance
Similar Companies near Hauppauge
In the Hauppauge area, 15 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 17) and received an average PPP loan of $674,905 (compared to this company's $310,682).
Similar Nearby Businesses Who Received PPP Funding:
E C C Corp
Hauppauge, NY
Nordmeccanica Na LTD
Hauppauge, NY
Absolute Automation Controls Corp
Hauppauge, NY
Industrial Sales & Service Corp
Hauppauge, NY
CMC Machine Corporation
Hauppauge, NY
G & C Crane Service LLC
Hauppauge, NY
Doctor Print Inc
Hauppauge, NY
Makamah Enterprises Inc
Hauppauge, NY
Industry PPP Comparison Statistics
Nationwide, 11,033 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $2.24B 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 15 employees, 12% lower than PMM Cranes LLC's reported 17 employees, and received an average PPP loan of $203,255, 35% lower than this company's loan of $310,682.
PMM Cranes LLC
Entity: Limited Liability Company (LLC)
Industry: General Freight Trucking, Local
Location: Hauppauge, NY
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PMM Cranes LLC is a limited liability company (LLC) located at 1765 Express Dr N in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $278,255.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least twenty people during the applicable loan loan period.
$
PPP Loan Information
Loan #2018367702
Loan Size:
Jobs Retained:
20Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationPMM Cranes LLC in Hauppauge, NY received a Paycheck Protection Loan of $278,255 through JPMorgan Chase Bank, National Association, which was approved in May, 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 September, 2021.
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 MoreUnderstanding 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 MoreBased 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, PMM Cranes LLC's 2019 payroll expenses are estimated to be at least $1.34M.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $66,781 per employee1
Reported PPP Proceed Usage:
On the PPP application, PMM Cranes LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $278,255
Business Information - PMM Cranes LLC in Hauppauge, NY
1765 Express Dr N
Hauppauge, NY 11788
Business Industry:
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: Unreported
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: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as PMM Cranes LLC.
Cccp Inc
Unclassified Establishments
Pedowitz Machinery Movers Of Connecticut
Specialized Freight (except Used Goods) Trucking, Local
Pedowitz Machinery Movers Of Connecticut, Inc
General Freight Trucking, Local
Pedowitz Machinery Movers Of Florida
General Freight Trucking, Local
Pedowitz Machinery Movers Of New Jersey Inc
Specialized Freight (except Used Goods) Trucking, Long-Distance
Similar Companies near Hauppauge
In the Hauppauge area, 19 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 20) and received an average PPP loan of $176,514 (compared to this company's $278,255).
Similar Nearby Businesses Who Received PPP Funding:
Pedowitz Machinery Movers Of Florida
Hauppauge, NY
Dolphin Trucking, Inc
Smithtown, NY
Jean C Toussaint
Hauppauge, NY
VMR Materials Corp
Smithtown, NY
Medluc Transportation LLC
Hauppauge, NY
Bay Shore Storage Warehouse Inc
Hauppauge, NY
SAA Logistics Inc
Hauppauge, NY
Pedowitz Machinery Movers Of Connecticut, Inc
Hauppauge, NY
Industry PPP Comparison Statistics
Nationwide, 172,277 businesses in the "General Freight Trucking, Local" industry received a total of $6.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 80% lower than PMM Cranes LLC's reported 20 employees, and received an average PPP loan of $37,800, 86% lower than this company's loan of $278,255.
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.
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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