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PPP Loan Data — DSM Enterprises Of NY Inc,
Wantagh, NY
FRANCHISE
NYDSM Enterprises Of NY Inc
Entity: Corporation
Industry: Snack and Nonalcoholic Beverage Bars
Franchise: SoBol
Location: Wantagh, NY
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DSM Enterprises Of NY Inc is a corporation located at 33 Frieda Ln in Wantagh, New York that received a Coronavirus-related PPP loan from the SBA of $64,585.00 in March, 2021. This business is a SoBol franchise.
$ PPP Loan Information Loan #1246508602
Loan Size:
Jobs Retained:
14Loan Approved:
2021-03-13Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationDSM Enterprises Of NY Inc in Wantagh, NY received a Paycheck Protection Loan of $64,585 through JPMorgan Chase Bank, National Association, which was approved in March, 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 MoreUnderstanding 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 MoreBased 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, DSM Enterprises Of NY Inc's 2019 payroll expenses are estimated to be at least $310,008.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $22,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, DSM Enterprises Of NY Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $64,582
- Utilities: $1
Business Information - DSM Enterprises Of NY Inc in Wantagh, NY
33 Frieda Ln
Wantagh, NY 11793
Business Industry:
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
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
Similar Companies near Wantagh
In the Wantagh area, 11 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 14) and received an average PPP loan of $60,773 (compared to this company's $64,585).
Similar Nearby Businesses Who Received PPP Funding:
Town Bagel Of Wantagh Inc
Wantagh, NY
Chat Noir LLC
Wantagh, NY
Alexashel Four Corp
Wantagh, NY
WBS Creamery Corp
Wantagh, NY
Ladyni Corporation
Wantagh, NY
Thai Coconut Food Inc
Wantagh, NY
Town Bagel Of Wantagh Inc
Wantagh, NY
YU Hang Yogurt DBA
Wantagh, NY
Industry PPP Comparison Statistics
Nationwide, 24,071 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1,337,277,160.00 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 12 employees, 14% lower than DSM Enterprises Of NY Inc's reported 14 employees, and received an average PPP loan of $55,556, 14% lower than this company's loan of $64,585.
DSM Enterprises Of NY Inc
Entity: Corporation
Industry: All Other Business Support Services
Location: Wantagh, NY
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DSM Enterprises Of NY Inc is a corporation located at 1243 Wantagh Ave in Wantagh, New York that received a Coronavirus-related PPP loan from the SBA of $46,132.00 in May, 2020.
$ PPP Loan Information Loan #1002707709
Loan Size:
Jobs Retained:
12Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationDSM Enterprises Of NY Inc in Wantagh, NY received a Paycheck Protection Loan of $46,132 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 MoreUnderstanding 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 MoreBased 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, DSM Enterprises Of NY Inc's 2019 payroll expenses are estimated to be at least $221,434.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,453 per employee1
Reported PPP Proceed Usage:
On the PPP application, DSM Enterprises Of NY Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,906
- Utilities: $2,606
- Rent: $6,620
Business Information - DSM Enterprises Of NY Inc in Wantagh, NY
1243 Wantagh Ave
Wantagh, NY 11793
Business Industry:
All Other Business Support Services
NAICS code 561499
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
Similar Companies near Wantagh
In the Wantagh area, 5 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 12) and received an average PPP loan of $780,241 (compared to this company's $46,132).
Similar Nearby Businesses Who Received PPP Funding:
Applied Lightning Safety Group Inc
Wading River, NY
Applied Lightning Safety Group Inc
Wading River, NY
Faculty Student Association At Stony Brook University
Stony Brook, NY
Auto Lead Pro Inc
Wantagh, NY
Industry PPP Comparison Statistics
Nationwide, 40,833 businesses in the "All Other Business Support Services" industry received a total of $2,389,384,677.00 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 8 employees, 33% lower than DSM Enterprises Of NY Inc's reported 12 employees, and received an average PPP loan of $58,516, 27% higher than this company's loan of $46,132.
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.
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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