PPP Loan Data — ECN Fulfillment LLC, Amityville, NY
ECN Fulfillment LLC
Entity: Limited Liability Company (LLC)
Location: Amityville, NYTweet This • Search All PPP Data
ECN Fulfillment LLC is a limited liability company (LLC) located at 599 Albany Ave Unit E in Amityville, New York that received a Coronavirus-related PPP loan from the SBA of $25,350.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
ECN Fulfillment LLC in Amityville, NY received a Paycheck Protection Loan of $25,350 through TD Bank, National Association, 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 April, 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, ECN Fulfillment LLC's 2019 payroll expenses are estimated to be at least $121,680.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, ECN Fulfillment LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,350
Business Information - ECN Fulfillment LLC in Amityville, NY
599 Albany Ave Unit E
Amityville, NY 11701
Corporate, Subsidiary, and Regional Managing Offices
NAICS code 551114
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,261 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $411.49M 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 12 employees, 500% higher than ECN Fulfillment LLC's reported 2 employees, and received an average PPP loan of $126,185, 398% higher than this company's loan of $25,350.
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Footnotes & Information
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