PPP Loan Data — Golden Artist Colors, Inc., New Berlin, NY
Golden Artist Colors, Inc. is a corporation located at 188 Bell Rd in New Berlin, New York that received a Coronavirus-related PPP loan from the SBA of $2,800,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 225 people during the applicable loan loan period.
$ PPP Loan Information
Lender:NBT BANK, NATIONAL ASSOCIATION
Golden Artist Colors, Inc. received a Paycheck Protection Loan of $2.8M through NBT BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Golden Artist Colors, Inc.'s total 2019 payroll expenses were approximately $13.44M in order to qualify for the PPP loan amount received.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $59,733 per employee1.
Business Information - Golden Artist Colors, Inc. in New Berlin, NY
188 Bell Rd
New Berlin, NY 13411
Paint and Coating Manufacturing (NAICS code 325510)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-22
Industry PPP Comparison Statistics
Nationwide, 1,048 businesses in the "Paint and Coating Manufacturing" industry received a total of $271,012,887.00 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 18 employees, 92% lower than Golden Artist Colors, Inc.'s reported 225 employees, and received an average PPP loan of $258,600, 91% lower than this company's loan of $2.8M.
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Footnotes & Information
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