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

PPP Loan Data — Donato Inc, Staten Island, NY

ALERT: There are 2 PPP loans for a total of $4.53M in our database for businesses with the name "Donato Inc" in Staten Island, 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 Donato Inc
NY

Donato Inc

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Staten Island, NY

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Donato Inc is a corporation located at 461 Wild Ave in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.

$ PPP Loan Information
Loan #7279688701

Loan Size:

$2M

Jobs Retained:

157

Loan Approved:

2021-04-06

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Donato Inc in Staten Island, NY received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in April, 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, Donato Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 157 jobs retained, this equals an estimated average yearly compensation of $61,146 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $2,000,000
Because the loan received by Donato 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 - Donato Inc in Staten Island, NY

Donato Inc
461 Wild Ave
Staten Island, NY 10314

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

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

Richmond County, NY — SBA Office 0202 — Congressional District: NY-11

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Donato Inc.

KG Sprinkler Corp
Unclassified Establishments

$220,862 PPP Loan

Similar Companies near Staten Island

In the Staten Island area, 34 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 157) and received an average PPP loan of $208,754 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B 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 10 employees, 94% lower than Donato Inc's reported 157 employees, and received an average PPP loan of $125,397, 94% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Donato Inc
NY

Donato Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: Staten Island, NY

Search All PPP Data

Donato Inc is a corporation located at 461 Wild Ave in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $2,531,875.00 in May, 2020.

$ PPP Loan Information
Loan #2293447707

Loan Size:

$2.53M

Jobs Retained:

150

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Donato Inc in Staten Island, NY received a Paycheck Protection Loan of $2.53M through JPMorgan Chase Bank, National Association, which was approved in May, 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, Donato Inc's 2019 payroll expenses are estimated to be at least $12.15M.

Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $81,020 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $2,231,980
  • Utilities: $106,839
  • Mortgage Interest: $14,343
  • Rent: $26,343
  • Health Care: $152,370
Because the loan received by Donato 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 - Donato Inc in Staten Island, NY

Donato Inc
461 Wild Ave
Staten Island, NY 10314

Business Industry:
Full-Service Restaurants
NAICS code 722511

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

Richmond County, NY — SBA Office 0202 — Congressional District: NY-11

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Donato Inc.

KG Sprinkler Corp
Unclassified Establishments

$220,862 PPP Loan

Similar Companies near Staten Island

In the Staten Island area, 67 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 150) and received an average PPP loan of $132,323 (compared to this company's $2.53M).

Industry PPP Comparison Statistics

Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 85% lower than Donato Inc's reported 150 employees, and received an average PPP loan of $130,209, 95% lower than this company's loan of $2.53M.

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/donato-inc-staten-island-ny