PPP Loan Data — Napoli Shkolnik PLLC, Syosset, NY
Napoli Shkolnik PLLC is a limited liability company (LLC) located at 400 Broadhollow Rd. in Syosset, New York that received a Coronavirus-related PPP loan from the SBA of $1,903,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Napoli Shkolnik PLLC in Syosset, NY received a Paycheck Protection Loan of $1.9M through FinWise Bank, which was approved in April, 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 April, 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, Napoli Shkolnik PLLC's 2019 payroll expenses are estimated to be at least $9.14M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $87,845 per employee1
Reported PPP Proceed Usage:
On the PPP application, Napoli Shkolnik PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,685,300
- Rent: $208,000
- Refinance EIDL: $10,000
Business Information - Napoli Shkolnik PLLC in Syosset, NY
400 Broadhollow Rd.
Syosset, NY 11791
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Syosset
In the Syosset area, 102 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 104) and received an average PPP loan of $137,997 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Theodore Fortunato Jr
Law Offices Of George T Lewis Jr PC
Law Offices Of N.m. Gehi PC
Kent Enterprises Inc
Adam Stein Law Firm PLLC
Law Offices Of Jordan Cohen PC
Janus Law PC
Hoffmann & Baron LLP
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 94% lower than Napoli Shkolnik PLLC's reported 104 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $1.9M.
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Footnotes & Information
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