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PPP Loan Data — Liberty II Sweeping & Maintenance Inc, Westbury, NY

ALERT: There are 2 PPP loans for a total of $1.12M in our database for businesses with the name "Liberty II Sweeping & Maintenance Inc" in Westbury, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Liberty II Sweeping & Maintenance Inc
NY

Liberty II Sweeping & Maintenance Inc

Entity: Corporation

Industry: Other Support Activities for Road Transportation

Location: Westbury, NY

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Liberty II Sweeping & Maintenance Inc is a corporation located at 525 Main St in Westbury, New York that received a Coronavirus-related PPP loan from the SBA of $314,072.00 in February, 2021.

The company has reported itself as a White female owned business, and employed at least twenty people during the applicable loan loan period.

$ PPP Loan Information
Loan #9295238400

Loan Size:

$314,072

Jobs Retained:

20

Loan Approved:

2021-02-16

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Liberty II Sweeping & Maintenance Inc in Westbury, NY received a Paycheck Protection Loan of $314,072 through JPMorgan Chase Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Liberty II Sweeping & Maintenance Inc's 2019 payroll expenses are estimated to be at least $1.51M.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $75,377 per employee1

Reported PPP Proceed Usage:

On the PPP application, Liberty II Sweeping & Maintenance Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $314,070

Business Information - Liberty II Sweeping & Maintenance Inc in Westbury, NY

Liberty II Sweeping & Maintenance Inc
525 Main St
Westbury, NY 11590

Business Industry:
Other Support Activities for Road Transportation
NAICS code 488490

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Nassau County, NY — SBA Office 0235 — Congressional District: NY-04

Similar Companies near Westbury

In the Westbury area, 5 businesses in the "Other Support Activities for Road Transportation" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 20) and received an average PPP loan of $78,471 (compared to this company's $314,072).

Industry PPP Comparison Statistics

Nationwide, 10,941 businesses in the "Other Support Activities for Road Transportation" industry received a total of $411.93M 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 4 employees, 80% lower than Liberty II Sweeping & Maintenance Inc's reported 20 employees, and received an average PPP loan of $37,650, 88% lower than this company's loan of $314,072.

SBA PPP loan data, payroll data, and salaries for Liberty II Sweeping & Maintenance, Inc
NY

Liberty II Sweeping & Maintenance, Inc

Entity: Corporation

Industry: New Car Dealers

Location: Westbury, NY

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Liberty II Sweeping & Maintenance, Inc is a corporation located at 525 Main St in Westbury, New York that received a Coronavirus-related PPP loan from the SBA of $804,225.00 in May, 2020.

The company has reported itself as a White female owned business, and employed at least 160 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2273187704

Loan Size:

$804,225

Jobs Retained:

160

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Liberty II Sweeping & Maintenance, Inc in Westbury, NY received a Paycheck Protection Loan of $804,225 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Liberty II Sweeping & Maintenance, Inc's 2019 payroll expenses are estimated to be at least $3.86M.

Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $24,127 per employee1

Reported PPP Proceed Usage:

On the PPP application, Liberty II Sweeping & Maintenance, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $804,225

Business Information - Liberty II Sweeping & Maintenance, Inc in Westbury, NY

Liberty II Sweeping & Maintenance, Inc
525 Main St
Westbury, NY 11590

Business Industry:
New Car Dealers
NAICS code 441110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Nassau County, NY — SBA Office 0235 — Congressional District: NY-04

Similar Companies near Westbury

In the Westbury area, 8 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 160) and received an average PPP loan of $902,914 (compared to this company's $804,225).

Industry PPP Comparison Statistics

Nationwide, 19,885 businesses in the "New Car Dealers" industry received a total of $12.3B 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 52 employees, 68% lower than Liberty II Sweeping & Maintenance, Inc's reported 160 employees, and received an average PPP loan of $618,623, 23% lower than this company's loan of $804,225.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/liberty-ii-sweeping-maintenance-inc-westbury-ny