PPP Loan Data — Steuben Foods, Inc., Elma, NY
Steuben Foods, Inc. is a corporation located at 1150 Maple Road in Elma, New York that received a Coronavirus-related PPP loan from the SBA of $8,133,700.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Steuben Foods, Inc. received a Paycheck Protection Loan of $8.13M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Steuben Foods, Inc.'s total 2019 payroll expenses were approximately $39.04M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $78,084 per employee1.
Business Information - Steuben Foods, Inc. in Elma, NY
1150 Maple Road
Elma, NY 14059
Fluid Milk Manufacturing (NAICS code 311511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-27
Similar Companies near Elma
In the Elma area, 2 businesses in the "Fluid Milk Manufacturing" industry received a PPP loan. These local businesses reported an average of 266 employees (compared to this company's 500) and received an average PPP loan of $4,353,700 (compared to this company's $8.13M).
Similar Nearby Businesses Who Received PPP Funding:
Elmhurst Milked, LLC
Industry PPP Comparison Statistics
Nationwide, 204 businesses in the "Fluid Milk Manufacturing" industry received a total of $121,641,804.00 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 46 employees, 91% lower than Steuben Foods, Inc.'s reported 500 employees, and received an average PPP loan of $596,283, 93% lower than this company's loan of $8.13M.
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Footnotes & Information
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