PPP Loan Data — Silber Construction Company Inc, Monsey, NY
Silber Construction Company Inc
Entity: Subchapter S Corporation
Location: Monsey, NYTweet This • Search All PPP Data
Silber Construction Company Inc is a subchapter s corporation located at P O Box 389 in Monsey, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Silber Construction Company Inc in Monsey, NY received a Paycheck Protection Loan of $25,000 through Cross River Bank, 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
Understanding Payroll Estimates Based On PPP Amount
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, Silber Construction Company Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Silber Construction Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Silber Construction Company Inc in Monsey, NY
P O Box 389
Monsey, NY 10952
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Monsey
In the Monsey area, 41 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $34,217 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
CR Visionary Design LLC
Shalvah Sales Inc
Exclusive Construction Of Rockland LLC
Uprite Construction USA Inc
Y&M Home Management Inc
Trademark Soundproofing Inc
Preservation Services LLC
Gabis Construction Corp
Green Mountain Development Corp
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than Silber Construction Company Inc's reported 4 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $25,000.
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Footnotes & Information
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