PPP Loan Data — Oscar's Pizza Restaurant LLC, Ludlow, MA
Oscar's Pizza Restaurant LLC is a limited liability company (LLC) located at 973 East St. in Ludlow, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Oscar's Pizza Restaurant LLC in Ludlow, MA received a Paycheck Protection Loan of $25,000 through Berkshire Bank, 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, Oscar's Pizza Restaurant LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oscar's Pizza Restaurant LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Oscar's Pizza Restaurant LLC in Ludlow, MA
973 East St.
Ludlow, MA 1056
NAICS code 722513
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ludlow
In the Ludlow area, 22 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 8) and received an average PPP loan of $154,784 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
JA Donuts Inc
Westview Farms Creamery LLC
Rocky Donuts Inc
Gremio Lusitano Club Inc
Red Fortune 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, 163% higher than Oscar's Pizza Restaurant LLC's reported 8 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $25,000.
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Footnotes & Information
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