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PPP Loan Data — Apple Metro Inc.,
Harrison, NY
Apple Metro Inc.
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Harrison, NY
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Apple Metro Inc. is a corporation located at Mamaroneck Ave in Harrison, New York that received a Coronavirus-related PPP loan from the SBA of $2,920,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
149Loan Approved:
2020-04-14Lender:
EQUITY BANKApple Metro Inc. in Harrison, NY received a Paycheck Protection Loan of $2.92M through EQUITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Apple Metro Inc.'s total 2019 payroll expenses were approximately $14.02M in order to qualify for the PPP loan amount received.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $94,096 per employee1.
Business Information - Apple Metro Inc. in Harrison, NY
Mamaroneck Ave
Harrison, NY 10528
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-17Similar Companies near Harrison
In the Harrison area, 7 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 149) and received an average PPP loan of $848,023 (compared to this company's $2.92M).
Similar Nearby Businesses Who Received PPP Funding:
Halstead Ave Restaurant Corp-Sba Small 7A Term
Harrison, NY
Am NYC, LLC
Harrison, NY
Joe Vin Enterprises LLC DBA Uncle Henry
Harrison, NY
Cinos, LLC
Harrison, NY
Jam N Pizza Company, Inc
Harrison, NY
New China III USA Inc
Harrison, NY
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, 85% lower than Apple Metro Inc.'s reported 149 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $2.92M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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