PPP Loan Data — Vaso Corporation, Plainview, NY
Location: Plainview, NYTweet This • Search All PPP Data
Vaso Corporation is a corporation located at 137 Commercial St in Plainview, New York that received a Coronavirus-related PPP loan from the SBA of $3,610,900.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Vaso Corporation received a Paycheck Protection Loan of $3.61M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vaso Corporation's total 2019 payroll expenses were approximately $17.33M in order to qualify for the PPP loan amount received.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $73,132 per employee1.
Business Information - Vaso Corporation in Plainview, NY
137 Commercial St
Plainview, NY 11803
Electromedical and Electrotherapeutic Apparatus Manufacturing (NAICS code 334510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
Industry PPP Comparison Statistics
Nationwide, 705 businesses in the "Electromedical and Electrotherapeutic Apparatus Manufacturing" industry received a total of $209,572,020.00 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 17 employees, 93% lower than Vaso Corporation's reported 237 employees, and received an average PPP loan of $297,265, 92% lower than this company's loan of $3.61M.
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Footnotes & Information
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