PPP Loan Data — Beech-Nut Nutrition Company, Amsterdam, NY
Beech-Nut Nutrition Company is a corporation located at 1 Nutritious Pl in Amsterdam, New York that received a Coronavirus-related PPP loan from the SBA of $5,232,760.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Beech-Nut Nutrition Company in Amsterdam, NY received a Paycheck Protection Loan of $5.23M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Beech-Nut Nutrition Company's total 2019 payroll expenses were approximately $25.12M in order to qualify for the PPP loan amount received.
Based on their reported 335 jobs retained, this equals an estimated average yearly compensation of $74,977 per employee1.
Business Information - Beech-Nut Nutrition Company in Amsterdam, NY
1 Nutritious Pl
Amsterdam, NY 12010
Unknown (NAICS code 0)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-20
Similar Companies near Amsterdam
In the Amsterdam area, 310 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 335) and received an average PPP loan of $132,237 (compared to this company's $5.23M).
Similar Nearby Businesses Who Received PPP Funding:
JMJ Construction Services, LLC
High Level Jiu Jitsu
Industry PPP Comparison Statistics
Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than Beech-Nut Nutrition Company's reported 335 employees, and received an average PPP loan of $101,409, 98% lower than this company's loan of $5.23M.
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, 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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