PPP Loan Data — Ninsri Inc, Greenfield, MA
Ninsri Inc is a subchapter s corporation located at 298 Main Street in Greenfield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Ninsri Inc in Greenfield, MA received a Paycheck Protection Loan of $25,000 through TD Bank, National Association, which was approved in August, 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, Ninsri Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ninsri Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Ninsri Inc in Greenfield, MA
298 Main Street
Greenfield, MA 1301
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Greenfield
In the Greenfield area, 22 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 5) and received an average PPP loan of $82,460 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Kane Kane Seafood Corp
Chi&Chi Restaurant Inc
El Greco One LLC
A Bottle Of Bread Inc
Bonnie B's Country Kitchen
Beijing Restaurant Of Greenfield Inc
Sweethearts Of The Rodeo, Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 340% higher than Ninsri Inc's reported 5 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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