PPP Loan Data — Midland Pizzeria & Restaurant, Inc.-Sba Small 7A Term, Yonkers, NY
Midland Pizzeria & Restaurant, Inc.-Sba Small 7A Term is a subchapter s corporation located at 853 Midland Avenue in Yonkers, New York that received a Coronavirus-related PPP loan from the SBA of $24,895.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Midland Pizzeria & Restaurant, Inc.-Sba Small 7A Term in Yonkers, NY received a Paycheck Protection Loan of $24,895 through TD Bank, National Association, which was approved in May, 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, Midland Pizzeria & Restaurant, Inc.-Sba Small 7A Term's 2019 payroll expenses are estimated to be at least $119,496.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,071 per employee1
Reported PPP Proceed Usage:
On the PPP application, Midland Pizzeria & Restaurant, Inc.-Sba Small 7A Term reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,895
Business Information - Midland Pizzeria & Restaurant, Inc.-Sba Small 7A Term in Yonkers, NY
853 Midland Avenue
Yonkers, NY 10704
NAICS code 722513
Business Owner Demographics
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 Yonkers
In the Yonkers area, 29 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $33,529 (compared to this company's $24,895).
Similar Nearby Businesses Who Received PPP Funding:
Dominicks Corner Inc
B2Z Pizza LLC
Panda Chinese Kitchen Inc
Melissa's Restaurant Inc
Giannas Family Deli Corp
Tom Bolino Restaurant Inc
929 Restaurant Corp
Steve Ugrinaj Pizzeria Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 200% higher than Midland Pizzeria & Restaurant, Inc.-Sba Small 7A Term's reported 7 employees, and received an average PPP loan of $100,980, 306% higher than this company's loan of $24,895.
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