PPP Loan Data — DO And Co New York Catering, Inc, Jamaica, NY
DO And Co New York Catering, Inc is a corporation located at 149-32 132nd Street in Jamaica, New York that received a Coronavirus-related PPP loan from the SBA of $9,232,300.00 in May, 2020.
$ PPP Loan Information
Lender:FIRST HOME BANK
DO And Co New York Catering, Inc in Jamaica, NY received a Paycheck Protection Loan of $9.23M through FIRST HOME BANK, which was approved in May, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 366 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 443.
Based on standard PPP eligibility rules, DO And Co New York Catering, Inc's total 2019 payroll expenses were approximately $44.32M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 366 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - DO And Co New York Catering, Inc in Jamaica, NY
149-32 132nd Street
Jamaica, NY 11430
Caterers (NAICS code 722320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-05
Similar Companies near Jamaica
In the Jamaica area, 2 businesses in the "Caterers" industry received a PPP loan. These local businesses reported an average of 203 employees (compared to this company's 366) and received an average PPP loan of $4,647,106 (compared to this company's $9.23M).
Similar Nearby Businesses Who Received PPP Funding:
Airist NY Inc
Industry PPP Comparison Statistics
Nationwide, 10,381 businesses in the "Caterers" industry received a total of $747,617,656.00 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 11 employees, 97% lower than DO And Co New York Catering, Inc's reported 366 employees, and received an average PPP loan of $72,018, 99% lower than this company's loan of $9.23M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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