PPP Loan Data — Pico Electronics, Inc., Pelham, NY
Pico Electronics, Inc.
Entity: Subchapter S Corporation
Location: Pelham, NYTweet This • Search All PPP Data
Pico Electronics, Inc. is a subchapter s corporation located at 143 Sparks Avenue in Pelham, New York that received a Coronavirus-related PPP loan from the SBA of $2,692,100.00 in April, 2020.
$ PPP Loan Information
Pico Electronics, Inc. in Pelham, NY received a Paycheck Protection Loan of $2.69M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Pico Electronics, Inc.'s total 2019 payroll expenses were approximately $12.92M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $59,824 per employee1.
Business Information - Pico Electronics, Inc. in Pelham, NY
143 Sparks Avenue
Pelham, NY 10803
All Other Miscellaneous Electrical Equipment and Component Manufacturing (NAICS code 335999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-16
Industry PPP Comparison Statistics
Nationwide, 1,412 businesses in the "All Other Miscellaneous Electrical Equipment and Component Manufacturing" industry received a total of $338,887,280.00 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 18 employees, 92% lower than Pico Electronics, Inc.'s reported 216 employees, and received an average PPP loan of $240,005, 91% lower than this company's loan of $2.69M.
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Footnotes & Information
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