PPP Loan Data — Breuckelen Berber, LLC, Brooklyn, NY
Breuckelen Berber, LLC is a limited liability company (LLC) located at 145 Columbia St in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,330.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Breuckelen Berber, LLC in Brooklyn, NY received a Paycheck Protection Loan of $25,330 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Breuckelen Berber, LLC's 2019 payroll expenses are estimated to be at least $121,584.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,792 per employee1
Reported PPP Proceed Usage:
On the PPP application, Breuckelen Berber, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $1,000
- Rent: $4,000
- Health Care: $330
Business Information - Breuckelen Berber, LLC in Brooklyn, NY
145 Columbia St
Brooklyn, NY 11231
Floor Covering Stores
NAICS code 442210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 5 businesses in the "Floor Covering Stores" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 2) and received an average PPP loan of $50,954 (compared to this company's $25,330).
Similar Nearby Businesses Who Received PPP Funding:
Moshe Yuval Levi
V M Carpet Distributors Inc
Galactic Tiles Inc
JNR Flooring, Inc
Industry PPP Comparison Statistics
Nationwide, 8,871 businesses in the "Floor Covering Stores" industry received a total of $765.8M 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 9 employees, 350% higher than Breuckelen Berber, LLC's reported 2 employees, and received an average PPP loan of $86,327, 241% higher than this company's loan of $25,330.
FederalPay's PPP Information Policy
Footnotes & Information
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