PPP Loan Data — UG Enterprises Inc., Farmingdale, NY
UG Enterprises Inc. is a subchapter s corporation located at 475 Main St in Farmingdale, New York that received a Coronavirus-related PPP loan from the SBA of $8,192,903.00 in April, 2020.
$ PPP Loan Information
UG Enterprises Inc. received a Paycheck Protection Loan of $8.19M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, UG Enterprises Inc.'s total 2019 payroll expenses were approximately $39.33M 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 $78,652 per employee1.
Business Information - UG Enterprises Inc. in Farmingdale, NY
475 Main St
Farmingdale, NY 11735
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-02
Similar Companies near Farmingdale
In the Farmingdale area, 24 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 500) and received an average PPP loan of $392,217 (compared to this company's $8.19M).
Similar Nearby Businesses Who Received PPP Funding:
Farmingdale Delicatessen Corp
Felico's Pizzeria, Inc.
Great Wall 168 Inc
Las Delicias Latinas Corp
290 Deli Zone Inc
VEM Bowls Inc
Stage Deli And Pizza Inc-Sba Small 7A Term
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than UG Enterprises Inc.'s reported 500 employees, and received an average PPP loan of $120,904, 99% lower than this company's loan of $8.19M.
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Footnotes & Information
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