PPP Loan Data — LOU Hatsiandrou DBA Lucciano's, Londonderry, NH
LOU Hatsiandrou DBA Lucciano's is a sole proprietorship located at 4 Orchard View Drive, Unit 2 in Londonderry, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
LOU Hatsiandrou DBA Lucciano's in Londonderry, NH received a Paycheck Protection Loan of $25,000 through TD 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 March, 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, LOU Hatsiandrou DBA Lucciano's' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $5,455 per employee1
Reported PPP Proceed Usage:
On the PPP application, LOU Hatsiandrou DBA Lucciano's reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - LOU Hatsiandrou DBA Lucciano's in Londonderry, NH
4 Orchard View Drive, Unit 2
Londonderry, NH 3053
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Londonderry
In the Londonderry area, 72 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 22) and received an average PPP loan of $115,279 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Mammoth Foods LLC
JAY House Inc
The Homestead Restaurant Of Londonderry, Inc
The Bacon Barn
Homestead Restaurant Of
Thirsty Moose Merrimack
Homestead Restaurant Of Londonderry Inc
Poorboys Diner LLC
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, the same amount reported by LOU Hatsiandrou DBA Lucciano's and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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