PPP Loan Data — Le Miu Corp, Astoria, NY
Le Miu Corp is a corporation located at 4111 20th Ave in Astoria, New York that received a Coronavirus-related PPP loan from the SBA of $46,137.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Le Miu Corp in Astoria, NY received a Paycheck Protection Loan of $46,137 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Le Miu Corp's 2019 payroll expenses are estimated to be at least $221,458.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,682 per employee1
Reported PPP Proceed Usage:
On the PPP application, Le Miu Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,137
- Utilities: $10,000
- Rent: $20,000
Business Information - Le Miu Corp in Astoria, NY
4111 20th Ave
Astoria, NY 11105
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Astoria
In the Astoria area, 13 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 8) and received an average PPP loan of $75,787 (compared to this company's $46,137).
Similar Nearby Businesses Who Received PPP Funding:
Maxie Development LLC
Long Island City, NY
AMR Nayel MD PC
Long Island City, NY
Altec E&M Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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, 25% lower than Le Miu Corp's reported 8 employees, and received an average PPP loan of $49,465, 7% higher than this company's loan of $46,137.
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Footnotes & Information
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