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PPP Loan Data — Red Hook Container Terminal, LLC, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Red Hook Container Terminal, LLC
NY

Red Hook Container Terminal, LLC

Entity: Limited Liability Company (LLC)

Industry: Marine Cargo Handling

Location: Brooklyn, NY

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Red Hook Container Terminal, LLC is a limited liability company (LLC) located at 70 Hamilton Avenue in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,427,935.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.43M

Jobs Retained:

250

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Red Hook Container Terminal, LLC received a Paycheck Protection Loan of $3.43M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Red Hook Container Terminal, LLC's total 2019 payroll expenses were approximately $16.45M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $65,816 per employee1.

Because the loan received by Red Hook Container Terminal, 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 - Red Hook Container Terminal, LLC in Brooklyn, NY

Red Hook Container Terminal, LLC
70 Hamilton Avenue
Brooklyn, NY 11231

Business Industry

Marine Cargo Handling (NAICS code 488320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-07

Industry PPP Comparison Statistics

Nationwide, 259 businesses in the "Marine Cargo Handling" industry received a total of $85,973,778.00 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, 89% lower than Red Hook Container Terminal, LLC's reported 250 employees, and received an average PPP loan of $331,945, 90% lower than this company's loan of $3.43M.

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, 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.

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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/red-hook-container-terminal-llc-brooklyn-ny