PPP Loan Data — Nawalany-Franciotti LLC, Philadelphia, PA
Nawalany-Franciotti LLC is a limited liability partnership located at 8013 Castor Ave,8013 Castor Avenue in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
The company has reported itself as a male owned business, and employed at least fourteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Nawalany-Franciotti LLC in Philadelphia, PA received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in July, 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, Nawalany-Franciotti LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,571 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nawalany-Franciotti LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Nawalany-Franciotti LLC in Philadelphia, PA
8013 Castor Ave,8013 Castor Avenue
Philadelphia, PA 19152
NAICS code 311811
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 8 businesses in the "Retail Bakeries" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 14) and received an average PPP loan of $46,151 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
MG Transport Inc
Philly Pretzels Inc
Industry PPP Comparison Statistics
Nationwide, 14,770 businesses in the "Retail Bakeries" industry received a total of $613.69M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 50% lower than Nawalany-Franciotti LLC's reported 14 employees, and received an average PPP loan of $41,550, 66% higher than this company's loan of $25,000.
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Footnotes & Information
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