PPP Loan Data — Spectronics Corporation, Westbury, NY
Spectronics Corporation is a corporation located at 956 Brush Hollow Rd in Westbury, New York that received a Coronavirus-related PPP loan from the SBA of $2,592,264.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Spectronics Corporation in Westbury, NY received a Paycheck Protection Loan of $2.59M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spectronics Corporation's total 2019 payroll expenses were approximately $12.44M in order to qualify for the PPP loan amount received.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $86,409 per employee1.
Business Information - Spectronics Corporation in Westbury, NY
956 Brush Hollow Rd
Westbury, NY 11590
Other Lighting Equipment Manufacturing (NAICS code 335129)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-04
Industry PPP Comparison Statistics
Nationwide, 481 businesses in the "Other Lighting Equipment Manufacturing" industry received a total of $90,730,877.00 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 14 employees, 90% lower than Spectronics Corporation's reported 144 employees, and received an average PPP loan of $188,630, 93% lower than this company's loan of $2.59M.
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Footnotes & Information
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