PPP Loan Data — Greek Gourmet LTD, Weymouth, MA
Greek Gourmet LTD
Location: Weymouth, MATweet This • Search All PPP Data
Greek Gourmet LTD is a corporation located at 65 Mathewson Dr Ste J in Weymouth, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,435.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Greek Gourmet LTD in Weymouth, MA received a Paycheck Protection Loan of $25,435 through Bank of America, National Association, which was approved in January, 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, Greek Gourmet LTD's 2019 payroll expenses are estimated to be at least $122,088.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,044 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greek Gourmet LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,431
- Utilities: $1
Business Information - Greek Gourmet LTD in Weymouth, MA
65 Mathewson Dr Ste J
Weymouth, MA 2189
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 10,517 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $920.57M 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 8 employees, 300% higher than Greek Gourmet LTD's reported 2 employees, and received an average PPP loan of $87,532, 244% higher than this company's loan of $25,435.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!