PPP Loan Data — Power & Construction Group, Inc., Scottsville, NY
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
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.
Business Information - Power & Construction Group, Inc. in Scottsville, NY
96 River Road
Scottsville, NY 14546
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Twin Tiers Construction
CP Ward Inc
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.
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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