PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Santinelli International Inc, Hauppauge, NY

ALERT: There are 2 PPP loans for a total of $2.01M in our database for businesses with the name "Santinelli International Inc" in Hauppauge, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Santinelli International Inc
NY

Santinelli International Inc

Entity: Subchapter S Corporation

Industry: Other Professional Equipment and Supplies Merchant Wholesalers

Location: Hauppauge, NY

Search All PPP Data

Santinelli International Inc is a subchapter s corporation located at 325 Oser Ave in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $1,006,300.00 in March, 2021.

$ PPP Loan Information Loan #2729448705

Loan Size:

$1.01M
PPP Funds Undisbursed

Jobs Retained:

58

Loan Approved:

2021-03-30

Loan Status:

Active Un-Disbursed

Lender:

Citibank, N.A.

Santinelli International Inc in Hauppauge, NY received a Paycheck Protection Loan of $1.01M through Citibank, N.A., which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $1.01M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Santinelli International Inc's 2019 payroll expenses are estimated to be at least $4.83M.

Based on their reported 58 jobs retained, this equals an estimated average yearly compensation of $83,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, Santinelli International Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,006,296
  • Utilities: $1

Business Information - Santinelli International Inc in Hauppauge, NY

Santinelli International Inc
325 Oser Ave
Hauppauge, NY 11788

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Suffolk County, NY — SBA Office 0235 — Congressional District: NY-01

Similar Companies near Hauppauge

In the Hauppauge area, 2 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 58) and received an average PPP loan of $1,006,300 (compared to this company's $1.01M).

Similar Nearby Businesses Who Received PPP Funding:

Santinelli International, Inc
Hauppauge, NY

$1.01M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,012 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a total of $261,780,718.00 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, 81% lower than Santinelli International Inc's reported 58 employees, and received an average PPP loan of $130,110, 87% lower than this company's loan of $1.01M.

SBA PPP loan data, payroll data, and salaries for Santinelli International, Inc
NY

Santinelli International, Inc

Entity: Subchapter S Corporation

Industry: Other Professional Equipment and Supplies Merchant Wholesalers

Location: Hauppauge, NY

Search All PPP Data

Santinelli International, Inc is a subchapter s corporation located at 325 Oser Ave in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $1,006,300.00 in April, 2020.

$ PPP Loan Information Loan #8022977109

Loan Size:

$1.01M

Jobs Retained:

59

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Citibank, N.A.

Santinelli International, Inc in Hauppauge, NY received a Paycheck Protection Loan of $1.01M through Citibank, N.A., which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Santinelli International, Inc's 2019 payroll expenses are estimated to be at least $4.83M.

Based on their reported 59 jobs retained, this equals an estimated average yearly compensation of $81,868 per employee1

Reported PPP Proceed Usage:

On the PPP application, Santinelli International, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,006,300

Business Information - Santinelli International, Inc in Hauppauge, NY

Santinelli International, Inc
325 Oser Ave
Hauppauge, NY 11788

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Suffolk County, NY — SBA Office 0235 — Congressional District: NY-01

Similar Companies near Hauppauge

In the Hauppauge area, 2 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 59) and received an average PPP loan of $1,006,300 (compared to this company's $1.01M).

Similar Nearby Businesses Who Received PPP Funding:

Santinelli International Inc
Hauppauge, NY

$1.01M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,012 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a total of $261,780,718.00 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, 81% lower than Santinelli International, Inc's reported 59 employees, and received an average PPP loan of $130,110, 87% lower than this company's loan of $1.01M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/santinelli-international-inc-hauppauge-ny