PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Deli-Boy Inc, Syracuse, NY

ALERT: There are 2 PPP loans for a total of $4.27M in our database for businesses with the name "Deli-Boy Inc" in Syracuse, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Deli-Boy Inc
NY

Deli-Boy Inc

Entity: Corporation

Industry: Meat and Meat Product Merchant Wholesalers

Location: Syracuse, NY

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Deli-Boy Inc is a corporation located at 100 Matthews Ave in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least 189 people during the applicable loan loan period.

$ PPP Loan Information Loan #3597928306

Loan Size:

$2M

Jobs Retained:

189

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Solvay Bank

Deli-Boy Inc in Syracuse, NY received a Paycheck Protection Loan of $2M through Solvay Bank, 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 More
Understanding 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 More

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, Deli-Boy Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $50,794 per employee1

Reported PPP Proceed Usage:

On the PPP application, Deli-Boy Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by Deli-Boy Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Deli-Boy Inc in Syracuse, NY

Deli-Boy Inc
100 Matthews Ave
Syracuse, NY 13209

Business Industry:
Meat and Meat Product Merchant Wholesalers
NAICS code 424470

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Onondaga County, NY — SBA Office 0248 — Congressional District: NY-24

Industry PPP Comparison Statistics

Nationwide, 1,832 businesses in the "Meat and Meat Product Merchant Wholesalers" industry received a total of $310,799,746.00 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 18 employees, 90% lower than Deli-Boy Inc's reported 189 employees, and received an average PPP loan of $169,651, 92% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Deli-Boy, Inc
NY

Deli-Boy, Inc

Entity: Corporation

Industry: General Line Grocery Merchant Wholesalers

Location: Syracuse, NY

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Deli-Boy, Inc is a corporation located at 100 Mathews Avenue in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $2,267,899.00 in April, 2020.

$ PPP Loan Information Loan #1284557110

Loan Size:

$2.27M

Jobs Retained:

199

Loan Approved:

2020-04-10

Loan Status:

Ongoing Loan

Lender:

Community Bank, National Association

Deli-Boy, Inc in Syracuse, NY received a Paycheck Protection Loan of $2.27M through Community Bank, National Association, which was approved in April, 2020.

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 More
Understanding 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 More

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, Deli-Boy, Inc's 2019 payroll expenses are estimated to be at least $10.89M.

Based on their reported 199 jobs retained, this equals an estimated average yearly compensation of $54,703 per employee1

Reported PPP Proceed Usage:

On the PPP application, Deli-Boy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,267,899
Because the loan received by Deli-Boy, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Deli-Boy, Inc in Syracuse, NY

Deli-Boy, Inc
100 Mathews Avenue
Syracuse, NY 13209

Business Industry:
General Line Grocery Merchant Wholesalers
NAICS code 424410

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: Y

HUBZone: N

Rural / Urban: Urban

Onondaga County, NY — SBA Office 0248 — Congressional District: NY-24

Similar Companies near Syracuse

In the Syracuse area, 2 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 199) and received an average PPP loan of $1,135,532 (compared to this company's $2.27M).

Similar Nearby Businesses Who Received PPP Funding:

Sagarmatha Nepali And Indian Food Store
Syracuse, NY

$3,165 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,609 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $742,062,236.00 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 13 employees, 93% lower than Deli-Boy, Inc's reported 199 employees, and received an average PPP loan of $112,281, 95% lower than this company's loan of $2.27M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/deli-boy-inc-syracuse-ny