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PPP Loan Data — Premier Infrastructure & Energy LLC, Bohemia, NY

SBA PPP loan data, payroll data, and salaries for Premier Infrastructure & Energy LLC
NY

Premier Infrastructure & Energy LLC

Entity: Limited Liability Company (LLC)

Industry: Water and Sewer Line and Related Structures Construction

Location: Bohemia, NY

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Premier Infrastructure & Energy LLC is a limited liability company (LLC) located at 1546 Locust Ave in Bohemia, New York that received a Coronavirus-related PPP loan from the SBA of $2,425,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.43M

Jobs Retained:

120

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Premier Infrastructure & Energy LLC in Bohemia, NY received a Paycheck Protection Loan of $2.43M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Premier Infrastructure & Energy LLC's total 2019 payroll expenses were approximately $11.64M in order to qualify for the PPP loan amount received.

Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $97,000 per employee1.

Because the loan received by Premier Infrastructure & Energy LLC 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 - Premier Infrastructure & Energy LLC in Bohemia, NY

Premier Infrastructure & Energy LLC
1546 Locust Ave
Bohemia, NY 11716

Business Industry

Water and Sewer Line and Related Structures Construction (NAICS code 237110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-02

Industry PPP Comparison Statistics

Nationwide, 5,092 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1,334,037,195.00 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 17 employees, 86% lower than Premier Infrastructure & Energy LLC's reported 120 employees, and received an average PPP loan of $261,987, 89% lower than this company's loan of $2.43M.

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, and is published unmodified, as provided by the SBA.

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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/premier-infrastructure-and-energy-llc-bohemia-ny