Mayer Bros Apple Products, Inc. in West Seneca, NY - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Mayer Bros Apple Products, Inc., West Seneca, NY

Mayer Bros Apple Products, Inc.

Entity: Subchapter S Corporation

Industry: Bottled Water Manufacturing

Location: West Seneca, NY

Mayer Bros Apple Products, Inc. is a subchapter s corporation located at 3300 Transit Road in West Seneca, New York that received a Coronavirus-related PPP loan from the SBA of $3,245,062.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.25M

Jobs Retained:

280

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Mayer Bros Apple Products, Inc. in West Seneca, NY received a Paycheck Protection Loan of $3.25M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mayer Bros Apple Products, Inc.'s total 2019 payroll expenses were approximately $15.58M in order to qualify for the PPP loan amount received.

Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $55,630 per employee¹.

Because the loan received by Mayer Bros Apple Products, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mayer Bros Apple Products, Inc. in West Seneca, NY

Mayer Bros Apple Products, Inc.
3300 Transit Road
West Seneca, NY 14224

Business Industry

Bottled Water Manufacturing (NAICS code 312112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-26

Industry PPP Comparison Statistics

Nationwide, 504 businesses in the "Bottled Water Manufacturing" industry received a total of $83,091,334.00 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 15 employees, 95% lower than Mayer Bros Apple Products, Inc.'s reported 280 employees, and received an average PPP loan of $164,864, 95% 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.

Search FederalPay's Full PPP Loan Database

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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