PPP Loan Data — Naturally Bella Inc, Peconic, NY
Naturally Bella Inc is a corporation located at 34890 North Road in Peconic, New York that received a Coronavirus-related PPP loan from the SBA of $46,877.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Dime Community Bank
Naturally Bella Inc in Peconic, NY received a Paycheck Protection Loan of $46,877 through Dime Community Bank, 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, Naturally Bella Inc's 2019 payroll expenses are estimated to be at least $225,010.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $25,001 per employee1
Reported PPP Proceed Usage:
On the PPP application, Naturally Bella Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,877
Business Information - Naturally Bella Inc in Peconic, NY
34890 North Road
Peconic, NY 11958
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Peconic
In the Peconic area, 14 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 9) and received an average PPP loan of $66,462 (compared to this company's $46,877).
Similar Nearby Businesses Who Received PPP Funding:
Pine Oaks Lawn Care Corp
Broad View Landscaping Inc
Natural Landscape Accents LLC
Turf Bros., Inc
Creative Environmental Design Inc
Steve's Landscaping LLC
Tom Grattan Lawn LLC
Clean Cut Lawn & Tree, Inc
Coastal Plantings Inc
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B 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, 44% lower than Naturally Bella Inc's reported 9 employees, and received an average PPP loan of $43,486, 7% lower than this company's loan of $46,877.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!