PPP Loan Data — Lyon Contracting Services LLC, Philadelphia, PA
Lyon Contracting Services LLC
Entity: Limited Liability Company (LLC)
Location: Philadelphia, PATweet This • Search All PPP Data
Lyon Contracting Services LLC is a limited liability company (LLC) located at 702 N 3rd Street #209 in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $45,855.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:CDC Small Business Finance Corporation
Lyon Contracting Services LLC in Philadelphia, PA received a Paycheck Protection Loan of $45,855 through CDC Small Business Finance Corporation, which was approved in April, 2020.
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, Lyon Contracting Services LLC's 2019 payroll expenses are estimated to be at least $220,104.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,368 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lyon Contracting Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,855
Business Information - Lyon Contracting Services LLC in Philadelphia, PA
702 N 3rd Street #209
Philadelphia, PA 19123
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 27 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $67,492 (compared to this company's $45,855).
Similar Nearby Businesses Who Received PPP Funding:
Mossi Construction Inc
Graham Builders And Construction Co
Northeast Builders LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 67% higher than Lyon Contracting Services LLC's reported 3 employees, and received an average PPP loan of $45,182, 1% lower than this company's loan of $45,855.
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Footnotes & Information
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