PPP Loan Data — Sam Tell & Son Inc, Farmingdale, NY
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
Sam 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
Other Commercial Equipment Merchant Wholesalers (NAICS code 423440)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-02
Similar 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.
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Footnotes & Information
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