PPP Loan Data — Middle Eastern Grill, Inc. DBA Sufiya's Grill, Freeport, NY
Middle Eastern Grill, Inc. DBA Sufiya's Grill is a corporation located at 62 E 2nd St in Freeport, New York that received a Coronavirus-related PPP loan from the SBA of $46,480.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Middle Eastern Grill, Inc. DBA Sufiya's Grill in Freeport, NY received a Paycheck Protection Loan of $46,480 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
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, Middle Eastern Grill, Inc. DBA Sufiya's Grill's 2019 payroll expenses are estimated to be at least $223,104.
Based on their reported 70 jobs retained, this equals an estimated average yearly compensation of $3,187 per employee1
Reported PPP Proceed Usage:
On the PPP application, Middle Eastern Grill, Inc. DBA Sufiya's Grill reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,000
- Rent: $10,480
Business Information - Middle Eastern Grill, Inc. DBA Sufiya's Grill in Freeport, NY
62 E 2nd St
Freeport, NY 11520
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Middle Eastern Grill, Inc. DBA Sufiya's Grill's reported 70 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,480.
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Footnotes & Information
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