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PPP Loan Data — Current Home LLC,
Scarsdale, NY
Current Home LLC
Entity: Limited Liability Company (LLC)
Industry: Gift, Novelty, and Souvenir Stores
Location: Scarsdale, NY
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Current Home LLC is a limited liability company (LLC) located at 1096 Wilmot Rd in Scarsdale, New York that received a Coronavirus-related PPP loan from the SBA of $106,722.00 in January, 2021.
$
PPP Loan Information
Loan #7391088306
Loan Size:
Jobs Retained:
13Loan Approved:
2021-01-28Loan Status:
Ongoing LoanLender:
Loan Source IncorporatedCurrent Home LLC in Scarsdale, NY received a Paycheck Protection Loan of $106,722 through Loan Source Incorporated, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Current Home LLC's 2019 payroll expenses are estimated to be at least $512,266.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $39,405 per employee1
Reported PPP Proceed Usage:
On the PPP application, Current Home LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $106,719
- Utilities: $1
Business Information - Current Home LLC in Scarsdale, NY
1096 Wilmot Rd
Scarsdale, NY 10583
Business Industry:
Gift, Novelty, and Souvenir Stores
NAICS code 453220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Scarsdale
In the Scarsdale area, 3 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 13) and received an average PPP loan of $63,355 (compared to this company's $106,722).
Similar Nearby Businesses Who Received PPP Funding:
La Dentelliere Inc
Scarsdale, NY
Industry PPP Comparison Statistics
Nationwide, 17,148 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $569.85M 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 6 employees, 54% lower than Current Home LLC's reported 13 employees, and received an average PPP loan of $33,231, 69% lower than this company's loan of $106,722.
Current Home, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Personal Services
Location: Scarsdale, NY
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Current Home, LLC is a limited liability company (LLC) located at 1096 Wilmot Road in Scarsdale, New York that received a Coronavirus-related PPP loan from the SBA of $116,200.00 in April, 2020.
$
PPP Loan Information
Loan #8512437005
Loan Size:
Jobs Retained:
13Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
First Home BankCurrent Home, LLC in Scarsdale, NY received a Paycheck Protection Loan of $116,200 through First Home Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Current Home, LLC's 2019 payroll expenses are estimated to be at least $557,760.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $42,905 per employee1
Reported PPP Proceed Usage:
On the PPP application, Current Home, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $116,200
Business Information - Current Home, LLC in Scarsdale, NY
1096 Wilmot Road
Scarsdale, NY 10583
Business Industry:
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Scarsdale
In the Scarsdale area, 27 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 13) and received an average PPP loan of $20,941 (compared to this company's $116,200).
Similar Nearby Businesses Who Received PPP Funding:
Jong Bae
Scarsdale, NY
Universal Marketing & Promotions
Scarsdale, NY
Hailey Thornton
Scarsdale, NY
OK Ryun Kim
Scarsdale, NY
Triple7 Group Inc
Scarsdale, NY
Fun Craft Of Scarsdale Inc
Scarsdale, NY
ACW Concepts LLC
Scarsdale, NY
SBG Group LLC DBA The Bar Method
Scarsdale, NY
Imagine Party And Events Inc
Scarsdale, NY
Industry PPP Comparison Statistics
Nationwide, 231,198 businesses in the "All Other Personal Services" industry received a total of $5.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 77% lower than Current Home, LLC's reported 13 employees, and received an average PPP loan of $23,842, 79% lower than this company's loan of $116,200.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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