FederalPay.org
PPP Loan Data — Faculty Student Association At Stony Brook University,
Stony Brook, NY
Faculty Student Association At Stony Brook University
Entity: Non-profit Organization
Industry: All Other Business Support Services
Location: Stony Brook, NY
Tweet This
•
Search All PPP Data
Faculty Student Association At Stony Brook University is a non-profit organization located at 300 Circle Road West Side Dining 2nd Fl in Stony Brook, New York that received a Coronavirus-related PPP loan from the SBA of $3,627,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
386Loan Approved:
2020-04-29Lender:
FIRST HOME BANKFaculty Student Association At Stony Brook University in Stony Brook, NY received a Paycheck Protection Loan of $3.63M through FIRST HOME BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Faculty Student Association At Stony Brook University's total 2019 payroll expenses were approximately $17.41M in order to qualify for the PPP loan amount received.
Based on their reported 386 jobs retained, this equals an estimated average yearly compensation of $45,109 per employee1.
Business Information - Faculty Student Association At Stony Brook University in Stony Brook, NY
300 Circle Road West Side Dining 2nd Fl
Stony Brook, NY 11794
Business Industry
All Other Business Support Services (NAICS code 561499)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-01Similar Companies near Stony Brook
In the Stony Brook area, 4 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 386) and received an average PPP loan of $931,379 (compared to this company's $3.63M).
Similar Nearby Businesses Who Received PPP Funding:
DSM Enterprises Of NY Inc
Wantagh, NY
William J Feeney & Associates
West Islip, NY
Bradford Solutions Inc
West Islip, NY
Industry PPP Comparison Statistics
Nationwide, 28,906 businesses in the "All Other Business Support Services" industry received a total of $1,963,852,672.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Faculty Student Association At Stony Brook University's reported 386 employees, and received an average PPP loan of $67,939, 98% lower than this company's loan of $3.63M.
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, 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.
Have FederalPay.org's open data tools been valuable? Consider donating!