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PPP Loan Data — Parlux Holdings, Inc.,
Bellport, 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:
Jobs Retained:
452Loan Approved:
2020-04-10Lender:
VALLEY NATIONAL BANKParlux 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.
Business Information - Parlux Holdings, Inc. in Bellport, NY
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-01Similar 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
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.
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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