PPP Loan Data — Kingsbridge Pharmacy Corp, Bronx, NY
Kingsbridge Pharmacy Corp is a subchapter s corporation located at 145 W Kingsbridge Rd in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Kingsbridge Pharmacy Corp in Bronx, NY received a Paycheck Protection Loan of $24,900 through PNC Bank, National Association, 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, Kingsbridge Pharmacy Corp's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kingsbridge Pharmacy Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Kingsbridge Pharmacy Corp in Bronx, NY
145 W Kingsbridge Rd
Bronx, NY 10468
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Bronx
In the Bronx area, 44 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $63,401 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Big Apple Pharmacy, Inc
Divino Pharmacy Corp
Khelly NY Inc
Legend Drugs 1, LLC
Family Drug Store Corp
The Bronx, NY
Star Trek Pharmacy Inc
Concourse Drugs Inc
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 100% higher than Kingsbridge Pharmacy Corp's reported 6 employees, and received an average PPP loan of $94,214, 278% higher than this company's loan of $24,900.
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