PPP Loan Data — E & M Star Painting, Inc, Cheektowaga, NY
E & M Star Painting, Inc is a subchapter s corporation located at 3503 Genesee St in Cheektowaga, New York that received a Coronavirus-related PPP loan from the SBA of $46,125.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least nineteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
E & M Star Painting, Inc in Cheektowaga, NY received a Paycheck Protection Loan of $46,125 through Northwest Bank, which was approved in May, 2020.
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, E & M Star Painting, Inc's 2019 payroll expenses are estimated to be at least $221,400.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $11,653 per employee1
Reported PPP Proceed Usage:
On the PPP application, E & M Star Painting, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,125
Business Information - E & M Star Painting, Inc in Cheektowaga, NY
3503 Genesee St
Cheektowaga, NY 14225
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Cheektowaga
In the Cheektowaga area, 37 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 19) and received an average PPP loan of $193,103 (compared to this company's $46,125).
Similar Nearby Businesses Who Received PPP Funding:
Kamholz Enterprises LLC
West Seneca, NY
Baughman Magic Seal
Baughman Magic Seal, Inc
Autumn Paving, Inc
Autumn Paving Inc
Guardian Fences Of Wny, Inc
Highland Masonry And Restoration Inc
West Seneca, NY
Amstar Of Western New York, Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 58% lower than E & M Star Painting, Inc's reported 19 employees, and received an average PPP loan of $86,076, 87% higher than this company's loan of $46,125.
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Footnotes & Information
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