PPP Loan Data — Eastside Top Cleaners LLC, New York, NY
Eastside Top Cleaners LLC is a limited liability company (LLC) located at 1671 York Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $24,917.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Eastside Top Cleaners LLC in New York, NY received a Paycheck Protection Loan of $24,917 through JPMorgan Chase 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 May, 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, Eastside Top Cleaners LLC's 2019 payroll expenses are estimated to be at least $119,602.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,901 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eastside Top Cleaners LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,687
- Utilities: $3,000
- Rent: $3,230
Business Information - Eastside Top Cleaners LLC in New York, NY
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Eastside Top Cleaners LLC's reported 4 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,917.
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Footnotes & Information
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