PPP Loan Data — East Coast Orthotic & Prosthet, Deer Park, NY
East Coast Orthotic & Prosthet is a corporation located at 75 Burt Dr in Deer Park, New York that received a Coronavirus-related PPP loan from the SBA of $2,653,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 226 people during the applicable loan loan period.
$ PPP Loan Information
Lender:EMPIRE STATE BANK
East Coast Orthotic & Prosthet received a Paycheck Protection Loan of $2.65M through EMPIRE STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, East Coast Orthotic & Prosthet's total 2019 payroll expenses were approximately $12.74M in order to qualify for the PPP loan amount received.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $56,362 per employee1.
Business Information - East Coast Orthotic & Prosthet in Deer Park, NY
75 Burt Dr
Deer Park, NY 11729
Surgical Appliance and Supplies Manufacturing (NAICS code 339113)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-02
Similar Companies near Deer Park
In the Deer Park area, 4 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 226) and received an average PPP loan of $693,672 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
Premier Orthopedic Supply, Inc.
Deer Park, NY
LDR Solutions Inc
Deer Park, NY
Biocraft Orthotic Lab, Inc.
Deer Park, NY
Industry PPP Comparison Statistics
Nationwide, 1,818 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a total of $300,003,901.00 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 12 employees, 95% lower than East Coast Orthotic & Prosthet's reported 226 employees, and received an average PPP loan of $165,019, 94% lower than this company's loan of $2.65M.
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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