PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Rivco Construction LLC, Bronx, NY

ALERT: There are 2 PPP loans for a total of $3.72M in our database for businesses with the name "Rivco Construction LLC" in Bronx, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Rivco Construction LLC
NY

Rivco Construction LLC

Entity: Limited Liability Company (LLC)

Industry: Commercial and Institutional Building Construction

Location: Bronx, NY

Search All PPP Data

Rivco Construction LLC is a limited liability company (LLC) located at 246 E 137th St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,857,745.00 in March, 2021.

$ PPP Loan Information
Loan #9350988504

Loan Size:

$1.86M

Jobs Retained:

204

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Rivco Construction LLC in Bronx, NY received a Paycheck Protection Loan of $1.86M through JPMorgan Chase Bank, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Rivco Construction LLC's 2019 payroll expenses are estimated to be at least $8.92M.

Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $43,712 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rivco Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,857,743
  • Utilities: $1

Business Information - Rivco Construction LLC in Bronx, NY

Rivco Construction LLC
246 E 137th St
Bronx, NY 10451

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Bronx County, NY — SBA Office 0202 — Congressional District: NY-15

Similar Companies near Bronx

In the Bronx area, 23 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 204) and received an average PPP loan of $150,914 (compared to this company's $1.86M).

Industry PPP Comparison Statistics

Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 94% lower than Rivco Construction LLC's reported 204 employees, and received an average PPP loan of $157,325, 92% lower than this company's loan of $1.86M.

SBA PPP loan data, payroll data, and salaries for Rivco Construction, LLC
NY

Rivco Construction, LLC

Entity: Limited Liability Company (LLC)

Industry: Drywall and Insulation Contractors

Location: Bronx, NY

Search All PPP Data

Rivco Construction, LLC is a limited liability company (LLC) located at 246 E 137th St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,857,745.00 in May, 2020.

$ PPP Loan Information
Loan #1545027702

Loan Size:

$1.86M

Jobs Retained:

204

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Rivco Construction, LLC in Bronx, NY received a Paycheck Protection Loan of $1.86M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Rivco Construction, LLC's 2019 payroll expenses are estimated to be at least $8.92M.

Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $43,712 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rivco Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,808,745
  • Rent: $12,000
  • Health Care: $37,000

Business Information - Rivco Construction, LLC in Bronx, NY

Rivco Construction, LLC
246 E 137th St
Bronx, NY 10451

Business Industry:
Drywall and Insulation Contractors
NAICS code 238310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bronx County, NY — SBA Office 0202 — Congressional District: NY-15

Similar Companies near Bronx

In the Bronx area, 2 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 204) and received an average PPP loan of $939,289 (compared to this company's $1.86M).

Similar Nearby Businesses Who Received PPP Funding:

Roger Ponce Jr
Bronx, NY

$20,833 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B 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 11 employees, 95% lower than Rivco Construction, LLC's reported 204 employees, and received an average PPP loan of $128,649, 93% lower than this company's loan of $1.86M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/rivco-construction-llc-bronx-ny