PPP Loan Data — Dr Richard Levy, Minoa, NY
Dr Richard Levy
Entity: Sole Proprietorship
Location: Minoa, NYTweet This • Search All PPP Data
Dr Richard Levy is a sole proprietorship located at 109 Edgerton Street in Minoa, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Dr Richard Levy in Minoa, NY received a Paycheck Protection Loan of $25,000 through Customers 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 March, 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, Dr Richard Levy's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dr Richard Levy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Dr Richard Levy in Minoa, NY
109 Edgerton Street
Minoa, NY 13116
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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, 25% higher than Dr Richard Levy's reported 4 employees, and received an average PPP loan of $38,577, 54% higher than this company's loan of $25,000.
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Footnotes & Information
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