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PPP Loan Data — Allan S Goodman Incorporated, East Hartford, CT

SBA PPP loan data, payroll data, and salaries for Allan S Goodman Incorporated
CT

Allan S Goodman Incorporated

Entity: Corporation

Industry: Wine and Distilled Alcoholic Beverage Merchant Wholesalers

Location: East Hartford, CT

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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

Loan Size:

$3.85M

Jobs Retained:

228

Loan Approved:

2020-04-28

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.

Because the loan received by Allan S Goodman Incorporated 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 - Allan S Goodman Incorporated in East Hartford, CT

Allan S Goodman Incorporated
180 Goodwin St
East Hartford, CT 6108

Business Industry

Wine and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS code 424820)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/allan-s-goodman-incorporated-east-hartford-ct