PPP Loan Data — Allan S Goodman Incorporated, East Hartford, CT
Allan S Goodman Incorporated
Location: East Hartford, CTTweet This • Search All PPP Data
Allan S Goodman Incorporated is a corporation located at 180 Goodwin St in East Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,852,472.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Allan S Goodman Incorporated received a Paycheck Protection Loan of $3.85M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Allan S Goodman Incorporated's total 2019 payroll expenses were approximately $18.49M in order to qualify for the PPP loan amount received.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $81,105 per employee1.
Business Information - Allan S Goodman Incorporated in East Hartford, CT
180 Goodwin St
East Hartford, CT 6108
Wine and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS code 424820)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-01
Similar Companies near East Hartford
In the East Hartford area, 3 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 228) and received an average PPP loan of $1,312,141 (compared to this company's $3.85M).
Similar Nearby Businesses Who Received PPP Funding:
A Missing Link, LLC
West Hartford, CT
Laxmi Moti, LLC
West Hartford, CT
Industry PPP Comparison Statistics
Nationwide, 2,169 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $385,965,966.00 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, 94% lower than Allan S Goodman Incorporated's reported 228 employees, and received an average PPP loan of $177,947, 95% lower than this company's loan of $3.85M.
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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