PPP Loan Data — Enzo Biochem Inc, New York, NY
Enzo Biochem Inc is a corporation located at 527 Madison Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $6,999,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 425 people during the applicable loan loan period.
$ PPP Loan Information
Enzo Biochem Inc received a Paycheck Protection Loan of $7M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Enzo Biochem Inc's total 2019 payroll expenses were approximately $33.6M in order to qualify for the PPP loan amount received.
Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $79,053 per employee1.
Business Information - Enzo Biochem Inc in New York, NY
527 Madison Ave
New York, NY 10022
Pharmaceutical Preparation Manufacturing (NAICS code 325412)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NY-12
Similar Companies near New York
In the New York area, 3 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 142 employees (compared to this company's 425) and received an average PPP loan of $2,408,395 (compared to this company's $7M).
Similar Nearby Businesses Who Received PPP Funding:
Seelos Therapeutics Inc
New York, NY
LB Pharmaceuticals Inc-Sba Small 7A Term
New York, NY
Industry PPP Comparison Statistics
Nationwide, 1,351 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $515,322,883.00 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 22 employees, 95% lower than Enzo Biochem Inc's reported 425 employees, and received an average PPP loan of $381,438, 95% lower than this company's loan of $7M.
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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