PPP Loan Data — Poly-Pak Industries Inc., Melville, NY
Poly-Pak Industries Inc.
Location: Melville, NYTweet This • Search All PPP Data
Poly-Pak Industries Inc. is a corporation located at 125 Spagnoli Rd in Melville, New York that received a Coronavirus-related PPP loan from the SBA of $2,647,200.00 in April, 2020.
$ PPP Loan Information
Poly-Pak Industries Inc. in Melville, NY received a Paycheck Protection Loan of $2.65M through BNB BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Poly-Pak Industries Inc.'s total 2019 payroll expenses were approximately $12.71M 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 $46,374 per employee1.
Business Information - Poly-Pak Industries Inc. in Melville, NY
125 Spagnoli Rd
Melville, NY 11747
Paper Bag and Coated and Treated Paper Manufacturing (NAICS code 322220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
Industry PPP Comparison Statistics
Nationwide, 326 businesses in the "Paper Bag and Coated and Treated Paper Manufacturing" industry received a total of $157,262,979.00 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 38 employees, 86% lower than Poly-Pak Industries Inc.'s reported 274 employees, and received an average PPP loan of $482,402, 82% lower than this company's loan of $2.65M.
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