PPP Loan Data — Precision Valve & Automation, Inc., Cohoes, NY
Precision Valve & Automation, Inc. is a corporation located at 1 Mustang Dr in Cohoes, New York that received a Coronavirus-related PPP loan from the SBA of $3,225,400.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Precision Valve & Automation, Inc. in Cohoes, NY received a Paycheck Protection Loan of $3.23M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Precision Valve & Automation, Inc.'s total 2019 payroll expenses were approximately $15.48M in order to qualify for the PPP loan amount received.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $79,394 per employee1.
Business Information - Precision Valve & Automation, Inc. in Cohoes, NY
1 Mustang Dr
Cohoes, NY 12047
Industrial Valve Manufacturing (NAICS code 332911)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-20
Industry PPP Comparison Statistics
Nationwide, 516 businesses in the "Industrial Valve Manufacturing" industry received a total of $215,302,563.00 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 27 employees, 86% lower than Precision Valve & Automation, Inc.'s reported 195 employees, and received an average PPP loan of $417,253, 87% lower than this company's loan of $3.23M.
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Footnotes & Information
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