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PPP Loan Data — Revere Copper Products, Inc., Rome, NY

SBA PPP loan data, payroll data, and salaries for Revere Copper Products, Inc.
NY

Revere Copper Products, Inc.

Entity: Corporation

Industry: Copper Rolling, Drawing, Extruding, and Alloying

Location: Rome, NY

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Revere Copper Products, Inc. is a corporation located at 1 Revere Park in Rome, New York that received a Coronavirus-related PPP loan from the SBA of $4,681,807.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.68M

Jobs Retained:

307

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Revere Copper Products, Inc. in Rome, NY received a Paycheck Protection Loan of $4.68M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Revere Copper Products, Inc.'s total 2019 payroll expenses were approximately $22.47M in order to qualify for the PPP loan amount received.

Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $73,201 per employee1.

Because the loan received by Revere Copper Products, Inc. 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 - Revere Copper Products, Inc. in Rome, NY

Revere Copper Products, Inc.
1 Revere Park
Rome, NY 13440

Business Industry

Copper Rolling, Drawing, Extruding, and Alloying (NAICS code 331420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-22

Similar Companies near Rome

In the Rome area, 2 businesses in the "Copper Rolling, Drawing, Extruding, and Alloying" industry received a PPP loan. These local businesses reported an average of 191 employees (compared to this company's 307) and received an average PPP loan of $3,014,459 (compared to this company's $4.68M).

Similar Nearby Businesses Who Received PPP Funding:

Kris Tech Wire Company, Inc.
Rome, NY

$1.35M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 92 businesses in the "Copper Rolling, Drawing, Extruding, and Alloying" industry received a total of $62,578,837.00 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 48 employees, 84% lower than Revere Copper Products, Inc.'s reported 307 employees, and received an average PPP loan of $680,205, 85% lower than this company's loan of $4.68M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/revere-copper-products-inc-rome-ny