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PPP Loan Data — Laurie's Logistics Inc, Rochester, NY

SBA PPP loan data, payroll data, and salaries for Laurie's Logistics Inc
NY

Laurie's Logistics Inc

Entity: Corporation

Industry: Landscaping Services

Location: Rochester, NY

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Laurie's Logistics Inc is a corporation located at 26 Pin Oak Lane in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $36,871.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$36,871

Jobs Retained:

6

Loan Approved:

2020-05-28

Lender:

ESL FCU

Laurie's Logistics Inc received a Paycheck Protection Loan of $36,871 through ESL FCU, which was approved in May, 2020.

Based on standard PPP eligibility rules, Laurie's Logistics Inc's total 2019 payroll expenses were approximately $176,981 in order to qualify for the PPP loan amount received.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $29,497 per employee1.

Business Information - Laurie's Logistics Inc in Rochester, NY

Laurie's Logistics Inc
26 Pin Oak Lane
Rochester, NY 14622

Business Industry

Landscaping Services (NAICS code 561730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-25

Similar Companies near Rochester

In the Rochester area, 9 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 6) and received an average PPP loan of $479,462 (compared to this company's $36,871).

Industry PPP Comparison Statistics

Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 50% higher than Laurie's Logistics Inc's reported 6 employees, and received an average PPP loan of $75,301, 104% higher than this company's loan of $36,871.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lauries-logistics-inc-rochester-ny