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PPP Loan Data — Parlux Holdings, Inc., Bellport, NY

SBA PPP loan data, payroll data, and salaries for Parlux Holdings, Inc.
NY

Parlux Holdings, Inc.

Entity: Corporation

Industry: Drugs and Druggists' Sundries Merchant Wholesalers

Location: Bellport, NY

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Parlux Holdings, Inc. is a corporation located at 35 Sawgrass Drive in Bellport, New York that received a Coronavirus-related PPP loan from the SBA of $3,736,225.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.74M

Jobs Retained:

452

Loan Approved:

2020-04-10

Lender:

VALLEY NATIONAL BANK

Parlux Holdings, Inc. in Bellport, NY received a Paycheck Protection Loan of $3.74M through VALLEY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Parlux Holdings, Inc.'s total 2019 payroll expenses were approximately $17.93M in order to qualify for the PPP loan amount received.

Based on their reported 452 jobs retained, this equals an estimated average yearly compensation of $39,677 per employee1.

Because the loan received by Parlux Holdings, 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 - Parlux Holdings, Inc. in Bellport, NY

Parlux Holdings, Inc.
35 Sawgrass Drive
Bellport, NY 11713

Business Industry

Drugs and Druggists' Sundries Merchant Wholesalers (NAICS code 424210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-01

Similar Companies near Bellport

In the Bellport area, 2 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 249 employees (compared to this company's 452) and received an average PPP loan of $2,269,591 (compared to this company's $3.74M).

Similar Nearby Businesses Who Received PPP Funding:

Olla Beauty Supply Inc.
Bellport, NY

$802,957 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,537 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $406,655,823.00 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 13 employees, 97% lower than Parlux Holdings, Inc.'s reported 452 employees, and received an average PPP loan of $160,290, 96% lower than this company's loan of $3.74M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/parlux-holdings-inc-bellport-ny