PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Captree Clam Inc, West Babylon, NY

ALERT: There are 2 PPP loans for a total of $93,330 in our database for businesses with the name "Captree Clam Inc" in West Babylon, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Captree Clam Inc
NY

Captree Clam Inc

Entity: Subchapter S Corporation

Industry: Fish and Seafood Merchant Wholesalers

Location: West Babylon, NY

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Captree Clam Inc is a subchapter s corporation located at 440 Falmouth Rd in West Babylon, New York that received a Coronavirus-related PPP loan from the SBA of $46,630.00 in February, 2021.

$ PPP Loan Information
Loan #3148658400

Loan Size:

$46,630

Jobs Retained:

7

Loan Approved:

2021-02-04

Loan Status:

Ongoing Loan

Lender:

People's United Bank, National Association

Captree Clam Inc in West Babylon, NY received a Paycheck Protection Loan of $46,630 through People's United Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Captree Clam Inc's 2019 payroll expenses are estimated to be at least $223,824.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,975 per employee1

Reported PPP Proceed Usage:

On the PPP application, Captree Clam Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,627
  • Utilities: $1

Business Information - Captree Clam Inc in West Babylon, NY

Captree Clam Inc
440 Falmouth Rd
West Babylon, NY 11704

Business Industry:
Fish and Seafood Merchant Wholesalers
NAICS code 424460

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Suffolk County, NY — SBA Office 0235 — Congressional District: NY-02

Industry PPP Comparison Statistics

Nationwide, 3,281 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a total of $360.62M 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 12 employees, 71% higher than Captree Clam Inc's reported 7 employees, and received an average PPP loan of $109,912, 136% higher than this company's loan of $46,630.

SBA PPP loan data, payroll data, and salaries for Captree Clam, Inc
NY

Captree Clam, Inc

Entity: Subchapter S Corporation

Industry: Fish and Seafood Merchant Wholesalers

Location: West Babylon, NY

Search All PPP Data

Captree Clam, Inc is a subchapter s corporation located at 440 Falmouth Rd in West Babylon, New York that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.

$ PPP Loan Information
Loan #9587287007

Loan Size:

$46,700

Jobs Retained:

7

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

People's United Bank, National Association

Captree Clam, Inc in West Babylon, NY received a Paycheck Protection Loan of $46,700 through People's United Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Captree Clam, Inc's 2019 payroll expenses are estimated to be at least $224,160.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,023 per employee1

Reported PPP Proceed Usage:

On the PPP application, Captree Clam, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,700

Business Information - Captree Clam, Inc in West Babylon, NY

Captree Clam, Inc
440 Falmouth Rd
West Babylon, NY 11704

Business Industry:
Fish and Seafood Merchant Wholesalers
NAICS code 424460

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Suffolk County, NY — SBA Office 0235 — Congressional District: NY-02

Industry PPP Comparison Statistics

Nationwide, 3,281 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a total of $360.62M 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 12 employees, 71% higher than Captree Clam, Inc's reported 7 employees, and received an average PPP loan of $109,912, 135% higher than this company's loan of $46,700.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/captree-clam-inc-west-babylon-ny