PPP Loan Data — Doyle And Santopadre, Inc, Poughkeepsie, NY
Doyle And Santopadre, Inc is a corporation located at 2600 Route 9 Suite 46 - 47 in Poughkeepsie, New York that received a Coronavirus-related PPP loan from the SBA of $46,750.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Doyle And Santopadre, Inc in Poughkeepsie, NY received a Paycheck Protection Loan of $46,750 through TD Bank, National Association, which was approved in May, 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 June, 2021.
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, Doyle And Santopadre, Inc's 2019 payroll expenses are estimated to be at least $224,400.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Doyle And Santopadre, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,750
Business Information - Doyle And Santopadre, Inc in Poughkeepsie, NY
2600 Route 9 Suite 46 - 47
Poughkeepsie, NY 12601
NAICS code 448310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Poughkeepsie
In the Poughkeepsie area, 3 businesses in the "Jewelry Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $57,143 (compared to this company's $46,750).
Similar Nearby Businesses Who Received PPP Funding:
The Diamond Mine, LTD
Industry PPP Comparison Statistics
Nationwide, 22,187 businesses in the "Jewelry Stores" industry received a total of $956.02M 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 5 employees, 17% lower than Doyle And Santopadre, Inc's reported 6 employees, and received an average PPP loan of $43,089, 8% lower than this company's loan of $46,750.
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Footnotes & Information
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