As part of the Paycheck Protection Program RAEL AUTOMATIC SPRINKLER CO., INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

RAEL AUTOMATIC SPRINKLER CO., INC


Loan Amount	$10,000,000
BusinessName	RAEL AUTOMATIC SPRINKLER CO., INC
Address	1750 Plaza Avenue
City	New Hyde Park
State	NY
Zip	11040
NAICSCode	238220
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	321
DateApproved	04/15/2020
Lender	Manufacturers and Traders Trust Company
CD	NY-04
BusinessName.clean	RAEL AUTOMATIC SPRINKLER CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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