PPP Loan Data — Ordonez & Oliveira Inc, Brooklyn, NY
Ordonez & Oliveira Inc is a corporation located at 220 Ingraham Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Ordonez & Oliveira Inc in Brooklyn, NY received a Paycheck Protection Loan of $24,900 through TD Bank, National Association, which was approved in April, 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, Ordonez & Oliveira Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ordonez & Oliveira Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Ordonez & Oliveira Inc in Brooklyn, NY
220 Ingraham Street
Brooklyn, NY 11237
Finish Carpentry Contractors
NAICS code 238350
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 19 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $24,177 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Ordonez And Oliveira Inc
Ifeanyi Ajomiwe-Nwakanma DBA Jacklords Services
Dennell Custom Furniture LLC
Industry PPP Comparison Statistics
Nationwide, 28,703 businesses in the "Finish Carpentry Contractors" industry received a total of $1.11B 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 4 employees, 33% higher than Ordonez & Oliveira Inc's reported 3 employees, and received an average PPP loan of $38,555, 55% higher than this company's loan of $24,900.
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Footnotes & Information
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