PPP Loan Data — Spellman High Voltage Corp., Hauppauge, NY
Spellman High Voltage Corp.
Location: Hauppauge, NYTweet This • Search All PPP Data
Spellman High Voltage Corp. is a corporation located at 475 Wireless Blvd in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $6,760,227.00 in April, 2020.
$ PPP Loan Information
Lender:HSBC BANK USA, NATIONAL ASSOCIATION
Spellman High Voltage Corp. in Hauppauge, NY received a Paycheck Protection Loan of $6.76M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spellman High Voltage Corp.'s total 2019 payroll expenses were approximately $32.45M in order to qualify for the PPP loan amount received.
Based on their reported 386 jobs retained, this equals an estimated average yearly compensation of $84,065 per employee1.
Business Information - Spellman High Voltage Corp. in Hauppauge, NY
475 Wireless Blvd
Hauppauge, NY 11788
Power, Distribution, and Specialty Transformer Manufacturing (NAICS code 335311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-01
Similar Companies near Hauppauge
In the Hauppauge area, 2 businesses in the "Power, Distribution, and Specialty Transformer Manufacturing" industry received a PPP loan. These local businesses reported an average of 205 employees (compared to this company's 386) and received an average PPP loan of $3,533,317 (compared to this company's $6.76M).
Similar Nearby Businesses Who Received PPP Funding:
Spectron Glass And Electronics Inc
Industry PPP Comparison Statistics
Nationwide, 287 businesses in the "Power, Distribution, and Specialty Transformer Manufacturing" industry received a total of $137,311,096.00 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 33 employees, 91% lower than Spellman High Voltage Corp.'s reported 386 employees, and received an average PPP loan of $478,436, 93% lower than this company's loan of $6.76M.
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Footnotes & Information
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