PPP Loan Data — Haylor, Freyer & Coon, Inc., Syracuse, NY
Haylor, Freyer & Coon, Inc. is a corporation located at 300 S State St in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $3,246,982.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Haylor, Freyer & Coon, Inc. in Syracuse, NY received a Paycheck Protection Loan of $3.25M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Haylor, Freyer & Coon, Inc.'s total 2019 payroll expenses were approximately $15.59M in order to qualify for the PPP loan amount received.
Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $84,246 per employee1.
Business Information - Haylor, Freyer & Coon, Inc. in Syracuse, NY
300 S State St
Syracuse, NY 13202
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-24
Similar Companies near Syracuse
In the Syracuse area, 17 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 185) and received an average PPP loan of $327,174 (compared to this company's $3.25M).
Similar Nearby Businesses Who Received PPP Funding:
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Falcone Associates, Inc.
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Graham Newton & Mcmahon Inc
C.H. Insurance Brokerage Services Co., Inc.
Bene-Solutions LLC Kevin Edwards
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Industry PPP Comparison Statistics
Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Haylor, Freyer & Coon, Inc.'s reported 185 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $3.25M.
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.
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