FederalPay.org
PPP Loan Data — Sam Tell & Son Inc,
Farmingdale, NY
Sam Tell & Son Inc
Entity: Corporation
Industry: Other Commercial Equipment Merchant Wholesalers
Location: Farmingdale, NY
Tweet This
•
Search All PPP Data
Sam Tell & Son Inc is a corporation located at 300 Smith St in Farmingdale, New York that received a Coronavirus-related PPP loan from the SBA of $2,455,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 161 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
161Loan Approved:
2020-04-28Lender:
BNB BANKSam Tell & Son Inc in Farmingdale, NY received a Paycheck Protection Loan of $2.46M through BNB BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sam Tell & Son Inc's total 2019 payroll expenses were approximately $11.79M in order to qualify for the PPP loan amount received.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $73,219 per employee1.
Business Information - Sam Tell & Son Inc in Farmingdale, NY
300 Smith St
Farmingdale, NY 11735
Business Industry
Other Commercial Equipment Merchant Wholesalers (NAICS code 423440)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NY-02Similar Companies near Farmingdale
In the Farmingdale area, 2 businesses in the "Other Commercial Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 161) and received an average PPP loan of $1,235,218 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Pharmacy Store Fixtures & Design In
South Farmingdale, NY
Industry PPP Comparison Statistics
Nationwide, 2,539 businesses in the "Other Commercial Equipment Merchant Wholesalers" industry received a total of $365,166,763.00 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 11 employees, 93% lower than Sam Tell & Son Inc's reported 161 employees, and received an average PPP loan of $143,823, 94% lower than this company's loan of $2.46M.
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!