PPP Loan Data — Empire City Laboratories, Brooklyn, NY
Empire City Laboratories is a subchapter s corporation located at 229 49th Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,818,334.00 in April, 2020.
$ PPP Loan Information
Lender:HSBC BANK USA, NATIONAL ASSOCIATION
Empire City Laboratories in Brooklyn, NY received a Paycheck Protection Loan of $2.82M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Empire City Laboratories' total 2019 payroll expenses were approximately $13.53M in order to qualify for the PPP loan amount received.
Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $44,209 per employee1.
Business Information - Empire City Laboratories in Brooklyn, NY
229 49th Street
Brooklyn, NY 11220
Medical Laboratories (NAICS code 621511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-07
Similar Companies near Brooklyn
In the Brooklyn area, 2 businesses in the "Medical Laboratories" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 306) and received an average PPP loan of $1,479,367 (compared to this company's $2.82M).
Similar Nearby Businesses Who Received PPP Funding:
Labq Clinical Diagnostics LLC
Industry PPP Comparison Statistics
Nationwide, 3,529 businesses in the "Medical Laboratories" industry received a total of $652,578,027.00 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 15 employees, 95% lower than Empire City Laboratories' reported 306 employees, and received an average PPP loan of $184,919, 93% lower than this company's loan of $2.82M.
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Footnotes & Information
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