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PPP Loan Data — Bren-Tronics, Inc., Commack, NY

SBA PPP loan data, payroll data, and salaries for Bren-Tronics, Inc.
NY

Bren-Tronics, Inc.

Entity: Corporation

Industry: Storage Battery Manufacturing

Location: Commack, NY

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Bren-Tronics, Inc. is a corporation located at 10 Brayton Court in Commack, New York that received a Coronavirus-related PPP loan from the SBA of $3,065,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.07M

Jobs Retained:

269

Loan Approved:

2020-04-08

Lender:

BNB BANK

Bren-Tronics, Inc. in Commack, NY received a Paycheck Protection Loan of $3.07M through BNB BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bren-Tronics, Inc.'s total 2019 payroll expenses were approximately $14.71M in order to qualify for the PPP loan amount received.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $54,691 per employee1.

Because the loan received by Bren-Tronics, 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 - Bren-Tronics, Inc. in Commack, NY

Bren-Tronics, Inc.
10 Brayton Court
Commack, NY 11725

Business Industry

Storage Battery Manufacturing (NAICS code 335911)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-03

Industry PPP Comparison Statistics

Nationwide, 152 businesses in the "Storage Battery Manufacturing" industry received a total of $57,838,050.00 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 26 employees, 90% lower than Bren-Tronics, Inc.'s reported 269 employees, and received an average PPP loan of $380,513, 88% lower than this company's loan of $3.07M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bren-tronics-inc-commack-ny