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PPP Loan Data — Rochester Midland Corporation, Rochester, NY

SBA PPP loan data, payroll data, and salaries for Rochester Midland Corporation
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:

$4.4M

Jobs Retained:

313

Loan Approved:

2020-04-14

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Rochester 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.

Because the loan received by Rochester Midland Corporation 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 - Rochester Midland Corporation in Rochester, NY

Rochester Midland Corporation
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-25

Similar 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

$9,674 PPP Loan

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rochester-midland-corporation-rochester-ny