PPP Loan Data — Hatteras Electrical Manufacturing, New York, NY
Hatteras Electrical Manufacturing is a corporation located at 28 West 44th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,665,000.00 in May, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Hatteras Electrical Manufacturing received a Paycheck Protection Loan of $5.67M through PNC BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Hatteras Electrical Manufacturing's total 2019 payroll expenses were approximately $27.19M in order to qualify for the PPP loan amount received.
Based on their reported 460 jobs retained, this equals an estimated average yearly compensation of $59,113 per employee1.
Business Information - Hatteras Electrical Manufacturing in New York, NY
28 West 44th Street
New York, NY 10036
Open-End Investment Funds (NAICS code 525910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-10
Industry PPP Comparison Statistics
Nationwide, 450 businesses in the "Open-End Investment Funds" industry received a total of $44,608,435.00 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 8 employees, 98% lower than Hatteras Electrical Manufacturing's reported 460 employees, and received an average PPP loan of $99,130, 98% lower than this company's loan of $5.67M.
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Footnotes & Information
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