PPP Loan Data — Greater Shield LLC, Brooklyn, NY
Greater Shield LLC is a limited liability company (LLC) located at 331 Rutledge St Suite 203 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $1,669,325.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Santander Bank, National Association
Greater Shield LLC in Brooklyn, NY received a Paycheck Protection Loan of $1.67M through Santander Bank, National Association, which was approved in April, 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, Greater Shield LLC's 2019 payroll expenses are estimated to be at least $8.01M.
Based on their reported 475 jobs retained, this equals an estimated average yearly compensation of $16,869 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greater Shield LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,669,325
Business Information - Greater Shield LLC in Brooklyn, NY
331 Rutledge St Suite 203
Brooklyn, NY 11211
Facilities Support Services
NAICS code 561210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 4 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 475) and received an average PPP loan of $423,556 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 5,275 businesses in the "Facilities Support Services" industry received a total of $630.92M 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 13 employees, 97% lower than Greater Shield LLC's reported 475 employees, and received an average PPP loan of $119,606, 93% lower than this company's loan of $1.67M.
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Footnotes & Information
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