PPP Loan Data — Erie Macedon Landing Inc, Macedon, NY
Erie Macedon Landing Inc is a corporation located at 1125 Marina Parkway in Macedon, New York that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Lyons National Bank
Erie Macedon Landing Inc in Macedon, NY received a Paycheck Protection Loan of $25,100 through The Lyons National Bank, 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 October, 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, Erie Macedon Landing Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Erie Macedon Landing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Erie Macedon Landing Inc in Macedon, NY
1125 Marina Parkway
Macedon, NY 14502
NAICS code 999990
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 233% higher than Erie Macedon Landing Inc's reported 3 employees, and received an average PPP loan of $42,878, 71% higher than this company's loan of $25,100.
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Footnotes & Information
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