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PPP Loan Data — Rochester Midland Corporation,
Rochester, NY
Rochester Midland Corporation
Entity: Corporation
Industry: Soap and Other Detergent Manufacturing
Location: Rochester, NY
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Rochester Midland Corporation is a corporation located at 155 Paragon Drive in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $4,404,250.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
313Loan Approved:
2020-04-14Lender:
MANUFACTURERS AND TRADERS TRUST COMPANYRochester Midland Corporation in Rochester, NY received a Paycheck Protection Loan of $4.4M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rochester Midland Corporation's total 2019 payroll expenses were approximately $21.14M in order to qualify for the PPP loan amount received.
Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $67,541 per employee1.
Business Information - Rochester Midland Corporation in Rochester, NY
155 Paragon Drive
Rochester, NY 14624
Business Industry
Soap and Other Detergent Manufacturing (NAICS code 325611)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-25Similar Companies near Rochester
In the Rochester area, 2 businesses in the "Soap and Other Detergent Manufacturing" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 313) and received an average PPP loan of $2,206,962 (compared to this company's $4.4M).
Similar Nearby Businesses Who Received PPP Funding:
Everclean Eastern, LLC
Rochester, NY
Industry PPP Comparison Statistics
Nationwide, 571 businesses in the "Soap and Other Detergent Manufacturing" industry received a total of $125,586,658.00 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, 95% lower than Rochester Midland Corporation's reported 313 employees, and received an average PPP loan of $219,942, 95% lower than this company's loan of $4.4M.
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.
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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