PPP Loan Data — Joan Hodgins, Liverpool, NY
Joan Hodgins is a sole proprietorship located at 409 Tulip St in Liverpool, New York that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Joan Hodgins in Liverpool, NY received a Paycheck Protection Loan of $25,250 through KeyBank 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, Joan Hodgins' 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Joan Hodgins reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,250
Business Information - Joan Hodgins in Liverpool, NY
409 Tulip St
Liverpool, NY 13088
NAICS code 445120
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M 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 6 employees, 100% higher than Joan Hodgins' reported 3 employees, and received an average PPP loan of $28,488, 13% higher than this company's loan of $25,250.
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Footnotes & Information
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