PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated April 5, 2023)

PPP Loan Data — Suffolk Regional Off Track Betting Corp, Hauppauge, NY

SBA PPP loan data, payroll data, and salaries for Suffolk Regional Off Track Betting Corp
NY Nonprofit Organization

Suffolk Regional Off Track Betting Corp

Entity: Non-profit Organization

Industry: Other Gambling Industries

Location: Hauppauge, NY

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Suffolk Regional Off Track Betting Corp is a non-profit organization located at 425 Oser Avenue Ste 2 in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $3,978,827.00 in June, 2020.

$ PPP Loan Information
Loan #2844438000

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Charged Off


Community Federal Savings Bank

Suffolk Regional Off Track Betting Corp in Hauppauge, NY received a Paycheck Protection Loan of $3.98M through Community Federal Savings Bank, which was approved in June, 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. The loan's status was last updated by the SBA in January, 2022.

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.

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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.

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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, Suffolk Regional Off Track Betting Corp's 2019 payroll expenses are estimated to be at least $19.1M.

Based on their reported 362 jobs retained, this equals an estimated average yearly compensation of $52,758 per employee1

Reported PPP Proceed Usage:

On the PPP application, Suffolk Regional Off Track Betting Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,978,827
Because the loan received by Suffolk Regional Off Track Betting Corp is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Suffolk Regional Off Track Betting Corp in Hauppauge, NY

Suffolk Regional Off Track Betting Corp
425 Oser Avenue Ste 2
Hauppauge, NY 11788

Business Industry:
Other Gambling Industries
NAICS code 713290

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

Industry PPP Comparison Statistics

Nationwide, 1,737 businesses in the "Other Gambling Industries" industry received a total of $179.18M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 16 employees, 96% lower than Suffolk Regional Off Track Betting Corp's reported 362 employees, and received an average PPP loan of $103,155, 97% lower than this company's loan of $3.98M.

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.

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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 - The Civil Employee's Resource **