FederalPay.org
PPP Loan Data — North Atlantic Industries, Inc.,
Bohemia, NY
North Atlantic Industries, Inc.
Entity: Corporation
Industry: Printed Circuit Assembly (Electronic Assembly) Manufacturing
Location: Bohemia, NY
Tweet This
•
Search All PPP Data
North Atlantic Industries, Inc. is a corporation located at 110 Wilbur Pl in Bohemia, New York that received a Coronavirus-related PPP loan from the SBA of $3,872,517.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
214Loan Approved:
2020-04-09Lender:
THE FIRST NATIONAL BANK OF LONG ISLANDNorth Atlantic Industries, Inc. in Bohemia, NY received a Paycheck Protection Loan of $3.87M through THE FIRST NATIONAL BANK OF LONG ISLAND, which was approved in April, 2020.
Based on standard PPP eligibility rules, North Atlantic Industries, Inc.'s total 2019 payroll expenses were approximately $18.59M in order to qualify for the PPP loan amount received.
Based on their reported 214 jobs retained, this equals an estimated average yearly compensation of $86,860 per employee1.
Business Information - North Atlantic Industries, Inc. in Bohemia, NY
110 Wilbur Pl
Bohemia, NY 11716
Business Industry
Printed Circuit Assembly (Electronic Assembly) Manufacturing (NAICS code 334418)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-02Industry PPP Comparison Statistics
Nationwide, 480 businesses in the "Printed Circuit Assembly (Electronic Assembly) Manufacturing" industry received a total of $202,524,322.00 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 33 employees, 85% lower than North Atlantic Industries, Inc.'s reported 214 employees, and received an average PPP loan of $421,926, 89% lower than this company's loan of $3.87M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!