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PPP Loan Data — Biodex Medical Systems, Inc., Shirley, NY

SBA PPP loan data, payroll data, and salaries for Biodex Medical Systems, Inc.
NY

Biodex Medical Systems, Inc.

Entity: Corporation

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: Shirley, NY

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Biodex Medical Systems, Inc. is a corporation located at 20 Ramsey Road in Shirley, New York that received a Coronavirus-related PPP loan from the SBA of $2,519,479.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.52M

Jobs Retained:

187

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Biodex Medical Systems, Inc. in Shirley, NY received a Paycheck Protection Loan of $2.52M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Biodex Medical Systems, Inc.'s total 2019 payroll expenses were approximately $12.09M in order to qualify for the PPP loan amount received.

Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $64,671 per employee1.

Because the loan received by Biodex Medical Systems, Inc. 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 - Biodex Medical Systems, Inc. in Shirley, NY

Biodex Medical Systems, Inc.
20 Ramsey Road
Shirley, NY 11967

Business Industry

All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS code 332999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-01

Industry PPP Comparison Statistics

Nationwide, 4,328 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1,219,008,137.00 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 22 employees, 88% lower than Biodex Medical Systems, Inc.'s reported 187 employees, and received an average PPP loan of $281,656, 89% lower than this company's loan of $2.52M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/biodex-medical-systems-inc-shirley-ny