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

PPP Loan Data — DSM Enterprises Of NY Inc, Wantagh, NY

ALERT: There are 2 PPP loans for a total of $110,717 in our database for businesses with the name "DSM Enterprises Of NY Inc" in Wantagh, 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 DSM Enterprises Of NY Inc

FRANCHISE

NY

DSM Enterprises Of NY Inc

Entity: Corporation

Industry: Snack and Nonalcoholic Beverage Bars

Franchise: SoBol

Location: Wantagh, NY

Search All PPP Data

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:

$64,585

Jobs Retained:

14

Loan Approved:

2021-03-13

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

DSM 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 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, 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

DSM Enterprises Of NY Inc
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

Nassau County, NY — SBA Office 0235 — Congressional District: NY-02

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).

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.

SBA PPP loan data, payroll data, and salaries for DSM Enterprises Of NY Inc
NY

DSM Enterprises Of NY Inc

Entity: Corporation

Industry: All Other Business Support Services

Location: Wantagh, NY

Search All PPP Data

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:

$46,132

Jobs Retained:

12

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

DSM 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 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, 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

DSM Enterprises Of NY Inc
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

Nassau County, NY — SBA Office 0235 — Congressional District: NY-04

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).

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dsm-enterprises-of-ny-inc-wantagh-ny