PPP Loan Data — Malaysian Flavours LLC, Pittsfield, MA
Malaysian Flavours LLC is a limited liability company (LLC) located at 75 North St Suite 110 in Pittsfield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Malaysian Flavours LLC in Pittsfield, MA received a Paycheck Protection Loan of $25,000 through Berkshire Bank, which was approved in June, 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 May, 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, Malaysian Flavours LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Malaysian Flavours LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Malaysian Flavours LLC in Pittsfield, MA
75 North St Suite 110
Pittsfield, MA 1201
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Pittsfield
In the Pittsfield area, 54 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 5) and received an average PPP loan of $97,242 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Grand Buffet Star Inc
MTM Dining, Inc
Dan Kelly's Inc
Teo's Hot Dogs Inc
The Highland Restaurant Inc
Manzo Ristorante Inc
Three Moons Rising, Inc
Wendling Enterprises 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, 340% higher than Malaysian Flavours LLC's reported 5 employees, 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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