PPP Loan Data — Korounia Inc, Hicksville, NY
Korounia Inc is a corporation located at 95 Broadway in Hicksville, New York that received a Coronavirus-related PPP loan from the SBA of $25,060.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Korounia Inc in Hicksville, NY received a Paycheck Protection Loan of $25,060 through Bank of America, 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, Korounia Inc's 2019 payroll expenses are estimated to be at least $120,288.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, Korounia Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,060
Business Information - Korounia Inc in Hicksville, NY
Hicksville, NY 11801
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hicksville
In the Hicksville area, 88 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 4) and received an average PPP loan of $60,274 (compared to this company's $25,060).
Similar Nearby Businesses Who Received PPP Funding:
Evia Estiatorio Corp
Diwan Hicksville Restaurant Corp
Grand Cafe Bakery Inc
Chick Inn Hicksville LLC
R. S. Trends Inc
Sairam Food Corp
Ricon Peruano Corp
Patrizia's Of Long Island, Inc
Salad Food, Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 450% higher than Korounia Inc's reported 4 employees, and received an average PPP loan of $129,504, 417% higher than this company's loan of $25,060.
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Footnotes & Information
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