PPP Loan Data — Lacrosse Unlimited Inc, Edgewood, NY
Lacrosse Unlimited Inc is a corporation located at 200 Heartland Blvd in Edgewood, New York that received a Coronavirus-related PPP loan from the SBA of $1,612,504.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lacrosse Unlimited Inc in Edgewood, NY received a Paycheck Protection Loan of $1.61M through Signature Bank, 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, Lacrosse Unlimited Inc's 2019 payroll expenses are estimated to be at least $7.74M.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $30,117 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lacrosse Unlimited Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,612,499
- Utilities: $1
Business Information - Lacrosse Unlimited Inc in Edgewood, NY
200 Heartland Blvd
Edgewood, NY 11717
Sporting Goods Stores
NAICS code 451110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Edgewood
In the Edgewood area, 2 businesses in the "Sporting Goods Stores" industry received a PPP loan. These local businesses reported an average of 153 employees (compared to this company's 257) and received an average PPP loan of $1,232,502 (compared to this company's $1.61M).
Similar Nearby Businesses Who Received PPP Funding:
NY Tent LLC
Industry PPP Comparison Statistics
Nationwide, 13,835 businesses in the "Sporting Goods Stores" industry received a total of $738.33M 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, 97% lower than Lacrosse Unlimited Inc's reported 257 employees, and received an average PPP loan of $53,367, 97% lower than this company's loan of $1.61M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!