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

PPP Loan Data — Van Blarcom Closures, Inc, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Van Blarcom Closures, Inc
NY

Van Blarcom Closures, Inc

Entity: Subchapter S Corporation

Industry: Unlaminated Plastics Profile Shape Manufacturing

Location: Brooklyn, NY

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Van Blarcom Closures, Inc is a subchapter s corporation located at 156 Sanford St in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,757,163.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.76M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-27

Lender:

SIGNATURE BANK

Van Blarcom Closures, Inc received a Paycheck Protection Loan of $2.76M through SIGNATURE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Van Blarcom Closures, Inc's total 2019 payroll expenses were approximately $13.23M in order to qualify for the PPP loan amount received.

Unlike most businesses, Van Blarcom Closures, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Van Blarcom Closures, 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 - Van Blarcom Closures, Inc in Brooklyn, NY

Van Blarcom Closures, Inc
156 Sanford St
Brooklyn, NY 11205

Business Industry

Unlaminated Plastics Profile Shape Manufacturing (NAICS code 326121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-08

Industry PPP Comparison Statistics

Nationwide, 144 businesses in the "Unlaminated Plastics Profile Shape Manufacturing" industry received a total of $69,656,983.00 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 32 employees, and received an average PPP loan of $483,729, 82% 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.

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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/van-blarcom-closures-inc-brooklyn-ny