PPP Loan Data — Finishing Line (The), Le Roy, NY
Finishing Line (The)
Entity: Sole Proprietorship
Industry: Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
Location: Le Roy, NYTweet This • Search All PPP Data
Finishing Line (The) is a sole proprietorship located at 7959 East Main Road in Le Roy, New York that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Five Star Bank
Finishing Line (The) in Le Roy, NY received a Paycheck Protection Loan of $45,900 through Five Star 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, Finishing Line (The)'s 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Finishing Line (The) reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Finishing Line (The) in Le Roy, NY
7959 East Main Road
Le Roy, NY 14482
Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
NAICS code 332812
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Le Roy
In the Le Roy area, 2 businesses in the "Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $46,313 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Duzmor Painting Inc
Le Roy, NY
Industry PPP Comparison Statistics
Nationwide, 2,572 businesses in the "Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers" industry received a total of $431.73M 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 17 employees, 183% higher than Finishing Line (The)'s reported 6 employees, and received an average PPP loan of $167,859, 266% higher than this company's loan of $45,900.
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Footnotes & Information
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