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PPP Loan Data — AFA Protective Systems, Inc.,
Syosset, NY
AFA Protective Systems, Inc.
Entity: Corporation
Industry: Security Systems Services (except Locksmiths)
Location: Syosset, NY
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AFA Protective Systems, Inc. is a corporation located at 155 Michael Drive in Syosset, New York that received a Coronavirus-related PPP loan from the SBA of $6,668,352.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
393Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONAFA Protective Systems, Inc. received a Paycheck Protection Loan of $6.67M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, AFA Protective Systems, Inc.'s total 2019 payroll expenses were approximately $32.01M in order to qualify for the PPP loan amount received.
Based on their reported 393 jobs retained, this equals an estimated average yearly compensation of $81,446 per employee1.
Business Information - AFA Protective Systems, Inc. in Syosset, NY
155 Michael Drive
Syosset, NY 11791
Business Industry
Security Systems Services (except Locksmiths) (NAICS code 561621)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-03Similar Companies near Syosset
In the Syosset area, 5 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 393) and received an average PPP loan of $1,358,745 (compared to this company's $6.67M).
Similar Nearby Businesses Who Received PPP Funding:
M & M Security And Alarms, Inc.
Stony Brook, NY
North American Marine & Security Ser-Sba Small 7A Term
Syosset, NY
Menorah Technique Incl
Syosset, NY
Eyes Of The World Security Inc.
Syosset, NY
Industry PPP Comparison Statistics
Nationwide, 5,289 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $839,803,057.00 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 14 employees, 96% lower than AFA Protective Systems, Inc.'s reported 393 employees, and received an average PPP loan of $158,783, 98% lower than this company's loan of $6.67M.
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.
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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