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PPP Loan Data — Brookwood Companies Incorporated And Subsidiaries,
New York, NY
Brookwood Companies Incorporated And Subsidiaries
Entity: Corporation
Industry: All Other Miscellaneous Textile Product Mills
Location: New York, NY
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Brookwood Companies Incorporated And Subsidiaries is a corporation located at 485 Madison Ave Ste 500 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,662,900.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
372Loan Approved:
2020-05-07Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COBrookwood Companies Incorporated And Subsidiaries received a Paycheck Protection Loan of $5.66M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in May, 2020.
Based on standard PPP eligibility rules, Brookwood Companies Incorporated And Subsidiaries' total 2019 payroll expenses were approximately $27.18M in order to qualify for the PPP loan amount received.
Based on their reported 372 jobs retained, this equals an estimated average yearly compensation of $73,070 per employee1.
Business Information - Brookwood Companies Incorporated And Subsidiaries in New York, NY
485 Madison Ave Ste 500
New York, NY 10022
Business Industry
All Other Miscellaneous Textile Product Mills (NAICS code 314999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 5 businesses in the "All Other Miscellaneous Textile Product Mills" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 372) and received an average PPP loan of $1,522,678 (compared to this company's $5.66M).
Similar Nearby Businesses Who Received PPP Funding:
Mrinalini Inc
New York, NY
Chelsea Editions LLC
New York, NY
Manrico USA Inc
New York, NY
Stark Scalamandre Fabric LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 1,679 businesses in the "All Other Miscellaneous Textile Product Mills" industry received a total of $266,289,361.00 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, 96% lower than Brookwood Companies Incorporated And Subsidiaries' reported 372 employees, and received an average PPP loan of $158,600, 97% lower than this company's loan of $5.66M.
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.
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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