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PPP Loan Data — Power & Construction Group, Inc., Scottsville, NY

SBA PPP loan data, payroll data, and salaries for Power & Construction Group, Inc.
NY

Power & Construction Group, Inc.

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Scottsville, NY

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Power & Construction Group, Inc. is a corporation located at 96 River Road in Scottsville, New York that received a Coronavirus-related PPP loan from the SBA of $2,865,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 258 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.87M

Jobs Retained:

258

Loan Approved:

2020-04-06

Lender:

THE BANK OF CASTILE

Power & Construction Group, Inc. received a Paycheck Protection Loan of $2.87M through THE BANK OF CASTILE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Power & Construction Group, Inc.'s total 2019 payroll expenses were approximately $13.75M in order to qualify for the PPP loan amount received.

Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $53,302 per employee1.

Because the loan received by Power & Construction Group, 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 - Power & Construction Group, Inc. in Scottsville, NY

Power & Construction Group, Inc.
96 River Road
Scottsville, NY 14546

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-27

Similar Companies near Scottsville

In the Scottsville area, 4 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 258) and received an average PPP loan of $1,253,800 (compared to this company's $2.87M).

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, 90% lower than Power & Construction Group, Inc.'s reported 258 employees, and received an average PPP loan of $405,656, 86% lower than this company's loan of $2.87M.

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.

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/power-and-construction-group-inc-scottsville-ny