PPP Loan Data — NRD Foods LLC, Holbrook, NY
NRD Foods LLC
Entity: Limited Liability Company (LLC)
Location: Holbrook, NYTweet This • Search All PPP Data
NRD Foods LLC is a limited liability company (LLC) located at 971-c Main Street in Holbrook, New York that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
NRD Foods LLC in Holbrook, NY received a Paycheck Protection Loan of $46,800 through Citibank, N.A., 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 April, 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, NRD Foods LLC's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,422 per employee1
Reported PPP Proceed Usage:
On the PPP application, NRD Foods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - NRD Foods LLC in Holbrook, NY
971-c Main Street
Holbrook, NY 11741
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Holbrook
In the Holbrook area, 2 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 11) and received an average PPP loan of $166,300 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
Greenlawn Royalty Industries Corp
Industry PPP Comparison Statistics
Nationwide, 25,599 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.27B 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 18 employees, 64% higher than NRD Foods LLC's reported 11 employees, and received an average PPP loan of $88,740, 90% higher than this company's loan of $46,800.
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Footnotes & Information
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