PPP Loan Data — Next Level Pizza Inc, Claymont, DE
Next Level Pizza Inc is a corporation located at 2093 Philadelphia Pike # 2554 in Claymont, Delaware that received a Coronavirus-related PPP loan from the SBA of $1,537,491.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank of Florida
Next Level Pizza Inc in Claymont, DE received a Paycheck Protection Loan of $1.54M through City National Bank of Florida, which was approved in January, 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, Next Level Pizza Inc's 2019 payroll expenses are estimated to be at least $7.38M.
Based on their reported 98 jobs retained, this equals an estimated average yearly compensation of $75,306 per employee1
Reported PPP Proceed Usage:
On the PPP application, Next Level Pizza Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,537,485
- Utilities: $1
Business Information - Next Level Pizza Inc in Claymont, DE
2093 Philadelphia Pike # 2554
Claymont, DE 19703
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Claymont
In the Claymont area, 20 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 98) and received an average PPP loan of $128,692 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Gijo 1 LLC
Christiana Treats LLC
Glas-Go Enterprises, LLC
Claymont Steak Shop, 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, 79% lower than Next Level Pizza Inc's reported 98 employees, and received an average PPP loan of $100,980, 93% lower than this company's loan of $1.54M.
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Footnotes & Information
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