PPP Loan Data — Neisan Inc, Brooklyn, NY
Neisan Inc is a corporation located at 6218 18th Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Neisan Inc in Brooklyn, NY received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in May, 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 March, 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, Neisan Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Neisan Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,000
- Refinance EIDL: $10,000
Business Information - Neisan Inc in Brooklyn, NY
6218 18th Ave
Brooklyn, NY 11204
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 50 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $21,294 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Skyi River Organic LLC
Luigis Of Dekalb Corp
M & Yy Consultants LLC
A - 1 Kosher Sales Corp
Industry PPP Comparison Statistics
Nationwide, 38,610 businesses in the "Food Service Contractors" industry received a total of $2.01B 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 6 employees, 100% higher than Neisan Inc's reported 3 employees, and received an average PPP loan of $52,102, 108% higher than this company's loan of $25,000.
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Footnotes & Information
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