PPP Loan Data — Onondaga Blvd Sy Lc LLC, Syracuse, NY
Onondaga Blvd Sy Lc LLC is a limited liability company (LLC) located at 4713 Onondaga Blvd in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $46,992.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Onondaga Blvd Sy Lc LLC in Syracuse, NY received a Paycheck Protection Loan of $46,992 through TD Bank, National Association, which was approved in April, 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 June, 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, Onondaga Blvd Sy Lc LLC's 2019 payroll expenses are estimated to be at least $225,562.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,556 per employee1
Reported PPP Proceed Usage:
On the PPP application, Onondaga Blvd Sy Lc LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,992
Business Information - Onondaga Blvd Sy Lc LLC in Syracuse, NY
4713 Onondaga Blvd
Syracuse, NY 13219
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Syracuse
In the Syracuse area, 9 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 10) and received an average PPP loan of $53,910 (compared to this company's $46,992).
Similar Nearby Businesses Who Received PPP Funding:
New Beijing Chinese Food
CMD Richardson, Inc
Patrick F. Davis DBA Patrick's To Go
The Pies Guys Pub & Grub, Inc
Mingold Kitchen LLC
Velasko Road Donuts, LLC
Abigail Donuts LLC
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, 110% higher than Onondaga Blvd Sy Lc LLC's reported 10 employees, and received an average PPP loan of $100,980, 115% higher than this company's loan of $46,992.
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Footnotes & Information
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