PPP Loan Data — Premier Infrastructure & Energy LLC, Bohemia, NY
Premier Infrastructure & Energy LLC
Entity: Limited Liability Company (LLC)
Location: Bohemia, NYTweet This • Search All PPP Data
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 Status:Ongoing Loan
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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Premier Infrastructure & Energy LLC's 2019 payroll expenses are estimated to be at least $11.64M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $23,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Infrastructure & Energy LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,160,000
- Utilities: $13,000
- Rent: $82,000
- Health Care: $170,000
Business Information - Premier Infrastructure & Energy LLC in Bohemia, NY
1546 Locust Ave
Bohemia, NY 11716
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 97% lower than Premier Infrastructure & Energy LLC's reported 500 employees, and received an average PPP loan of $216,804, 91% lower than this company's loan of $2.43M.
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Footnotes & Information
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