PPP Loan Data — Hallmark Global Technologies Inc, Hauppauge, NY
Hallmark Global Technologies Inc is a corporation located at 200 Motor Pkwy Ste D-26 in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 174 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Hallmark Global Technologies Inc in Hauppauge, NY received a Paycheck Protection Loan of $2M through Manufacturers and Traders Trust Company, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hallmark Global Technologies Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $55,172 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hallmark Global Technologies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Hallmark Global Technologies Inc in Hauppauge, NY
200 Motor Pkwy Ste D-26
Hauppauge, NY 11788
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hauppauge
In the Hauppauge area, 18 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 174) and received an average PPP loan of $560,478 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Complete Systems Care Inc
Atlantic Business Systems Inc
Lakshmi Technology Inc
ION Computer Systems Inc
Numeric Computer Systems Inc
ACS Technology Advisors, Inc
Micro Research Technologies LTD
Industry PPP Comparison Statistics
Nationwide, 25,371 businesses in the "Other Computer Related Services" industry received a total of $3.1B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 95% lower than Hallmark Global Technologies Inc's reported 174 employees, and received an average PPP loan of $122,066, 94% lower than this company's loan of $2M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!