PPP Loan Data — American Portfolios Holdings, Inc, Holbrook, NY
American Portfolios Holdings, Inc is a corporation located at 4250 Veterans Memorial Highway Suite 420 East in Holbrook, New York that received a Coronavirus-related PPP loan from the SBA of $1,979,148.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Empire State Bank
American Portfolios Holdings, Inc in Holbrook, NY received a Paycheck Protection Loan of $1.98M through Empire State Bank, which was approved in May, 2020.
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, American Portfolios Holdings, Inc's 2019 payroll expenses are estimated to be at least $9.5M.
Based on their reported 113 jobs retained, this equals an estimated average yearly compensation of $84,070 per employee1
Reported PPP Proceed Usage:
On the PPP application, American Portfolios Holdings, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,979,148
Business Information - American Portfolios Holdings, Inc in Holbrook, NY
4250 Veterans Memorial Highway Suite 420 East
Holbrook, NY 11741
NAICS code 523920
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,153 businesses in the "Portfolio Management" industry received a total of $512.81M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 95% lower than American Portfolios Holdings, Inc's reported 113 employees, and received an average PPP loan of $83,343, 96% lower than this company's loan of $1.98M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!