PPP Loan Data — Mason Industries, Inc., Hauppauge, NY
Mason Industries, Inc. is a corporation located at 350 Rabro Drive in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $3,399,600.00 in April, 2020.
$ PPP Loan Information
Mason Industries, Inc. in Hauppauge, NY received a Paycheck Protection Loan of $3.4M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Mason Industries, Inc.'s total 2019 payroll expenses were approximately $16.32M in order to qualify for the PPP loan amount received.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $82,415 per employee1.
Business Information - Mason Industries, Inc. in Hauppauge, NY
350 Rabro Drive
Hauppauge, NY 11788
Relay and Industrial Control Manufacturing (NAICS code 335314)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-01
Similar Companies near Hauppauge
In the Hauppauge area, 2 businesses in the "Relay and Industrial Control Manufacturing" industry received a PPP loan. These local businesses reported an average of 151 employees (compared to this company's 198) and received an average PPP loan of $2,180,660 (compared to this company's $3.4M).
Similar Nearby Businesses Who Received PPP Funding:
DRI Relays Inc.
Industry PPP Comparison Statistics
Nationwide, 391 businesses in the "Relay and Industrial Control Manufacturing" industry received a total of $127,685,245.00 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 22 employees, 89% lower than Mason Industries, Inc.'s reported 198 employees, and received an average PPP loan of $326,561, 90% lower than this company's loan of $3.4M.
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Footnotes & Information
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