PPP Loan Data — Morgan Fuel & Heating Co., Inc., Wappingers Falls, NY
Morgan Fuel & Heating Co., Inc. is a subchapter s corporation located at 2785 W Main St in Wappingers Falls, New York that received a Coronavirus-related PPP loan from the SBA of $3,808,772.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Morgan Fuel & Heating Co., Inc. in Wappingers Falls, NY received a Paycheck Protection Loan of $3.81M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Morgan Fuel & Heating Co., Inc.'s total 2019 payroll expenses were approximately $18.28M in order to qualify for the PPP loan amount received.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $66,723 per employee1.
Business Information - Morgan Fuel & Heating Co., Inc. in Wappingers Falls, NY
2785 W Main St
Wappingers Falls, NY 12590
Fuel Dealers (NAICS code 454310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-18
Industry PPP Comparison Statistics
Nationwide, 2,598 businesses in the "Fuel Dealers" industry received a total of $459,348,282.00 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 Morgan Fuel & Heating Co., Inc.'s reported 274 employees, and received an average PPP loan of $176,808, 95% lower than this company's loan of $3.81M.
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Footnotes & Information
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