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

PPP Loan Data — S. Camerota & Sons Inc, Enfield, CT

ALERT: There are 2 PPP loans for a total of $4.76M in our database for businesses with the name "S. Camerota & Sons Inc" in Enfield, CT. 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 S. Camerota & Sons Inc
CT

S. Camerota & Sons Inc

Entity: Corporation

Industry: Motor Vehicle Transmission and Power Train Parts Manufacturing

Location: Enfield, CT

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S. Camerota & Sons Inc is a corporation located at 245 Shaker Rd in Enfield, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least 191 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1197358401

Loan Size:

$2M

Jobs Retained:

191

Loan Approved:

2021-02-01

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

S. Camerota & Sons Inc in Enfield, CT received a Paycheck Protection Loan of $2M through KeyBank National Association, which was approved in February, 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, S. Camerota & Sons Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $50,262 per employee1

Reported PPP Proceed Usage:

On the PPP application, S. Camerota & Sons Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
  • Utilities: $1
Because the loan received by S. Camerota & Sons 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 - S. Camerota & Sons Inc in Enfield, CT

S. Camerota & Sons Inc
245 Shaker Rd
Enfield, CT 6082

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hartford County, CT — SBA Office 0156 — Congressional District: CT-02

Industry PPP Comparison Statistics

Nationwide, 344 businesses in the "Motor Vehicle Transmission and Power Train Parts Manufacturing" industry received a total of $126.13M 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 33 employees, 83% lower than S. Camerota & Sons Inc's reported 191 employees, and received an average PPP loan of $366,645, 82% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for S. Camerota & Sons, Inc
CT

S. Camerota & Sons, Inc

Entity: Corporation

Industry: Motor Vehicle Gasoline Engine and Engine Parts Manufacturing

Location: Enfield, CT

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S. Camerota & Sons, Inc is a corporation located at 245 Shaker Rd, Po Box 1134 in Enfield, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,757,200.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 218 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5546187105

Loan Size:

$2.76M

Jobs Retained:

218

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

S. Camerota & Sons, Inc in Enfield, CT received a Paycheck Protection Loan of $2.76M through KeyBank National Association, which was approved in April, 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, S. Camerota & Sons, Inc's 2019 payroll expenses are estimated to be at least $13.23M.

Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $60,709 per employee1

Reported PPP Proceed Usage:

On the PPP application, S. Camerota & Sons, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,757,200
Because the loan received by S. Camerota & Sons, 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 - S. Camerota & Sons, Inc in Enfield, CT

S. Camerota & Sons, Inc
245 Shaker Rd, Po Box 1134
Enfield, CT 6082

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hartford County, CT — SBA Office 0156 — Congressional District: CT-02

Industry PPP Comparison Statistics

Nationwide, 645 businesses in the "Motor Vehicle Gasoline Engine and Engine Parts Manufacturing" industry received a total of $166.27M 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 22 employees, 90% lower than S. Camerota & Sons, Inc's reported 218 employees, and received an average PPP loan of $257,780, 91% lower than this company's loan of $2.76M.

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/s-camerota-sons-inc-enfield-ct