PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Pedowitz Machinery Movers Of Florida, Hauppauge, NY

ALERT: There are 2 PPP loans for a total of $1.02M in our database for businesses with the name "Pedowitz Machinery Movers Of Florida" in Hauppauge, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Pedowitz Machinery Movers Of Florida
NY

Pedowitz Machinery Movers Of Florida

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Local

Location: Hauppauge, NY

Search All PPP Data

Pedowitz Machinery Movers Of Florida is a limited liability company (LLC) located at 1765 Express Dr N in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $503,462.00 in May, 2021.

The company has reported itself as a White male owned business, and employed at least 32 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6002068902

Loan Size:

$503,462

Jobs Retained:

32

Loan Approved:

2021-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Loan Source Incorporated

Pedowitz Machinery Movers Of Florida in Hauppauge, NY received a Paycheck Protection Loan of $503,462 through Loan Source Incorporated, which was approved in May, 2021.

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 February, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pedowitz Machinery Movers Of Florida's 2019 payroll expenses are estimated to be at least $2.42M.

Based on their reported 32 jobs retained, this equals an estimated average yearly compensation of $75,519 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pedowitz Machinery Movers Of Florida reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $503,462

Business Information - Pedowitz Machinery Movers Of Florida in Hauppauge, NY

Pedowitz Machinery Movers Of Florida
1765 Express Dr N
Hauppauge, NY 11788

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Suffolk County, NY — SBA Office 0235 — Congressional District: NY-01

Similar Companies near Hauppauge

In the Hauppauge area, 19 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 32) and received an average PPP loan of $176,514 (compared to this company's $503,462).

Industry PPP Comparison Statistics

Nationwide, 172,277 businesses in the "General Freight Trucking, Local" industry received a total of $6.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 88% lower than Pedowitz Machinery Movers Of Florida's reported 32 employees, and received an average PPP loan of $37,800, 92% lower than this company's loan of $503,462.

SBA PPP loan data, payroll data, and salaries for Pedowitz Machinery Movers Of Florida
NY

Pedowitz Machinery Movers Of Florida

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Local

Location: Hauppauge, NY

Search All PPP Data

Pedowitz Machinery Movers Of Florida is a limited liability company (LLC) located at 1765 Express Dr N in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $514,690.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 32 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8591507206

Loan Size:

$514,690

Jobs Retained:

32

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Loan Source Incorporated

Pedowitz Machinery Movers Of Florida in Hauppauge, NY received a Paycheck Protection Loan of $514,690 through Loan Source Incorporated, 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 February, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pedowitz Machinery Movers Of Florida's 2019 payroll expenses are estimated to be at least $2.47M.

Based on their reported 32 jobs retained, this equals an estimated average yearly compensation of $77,204 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pedowitz Machinery Movers Of Florida reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $514,690

Business Information - Pedowitz Machinery Movers Of Florida in Hauppauge, NY

Pedowitz Machinery Movers Of Florida
1765 Express Dr N
Hauppauge, NY 11788

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Suffolk County, NY — SBA Office 0235 — Congressional District: NY-01

Similar Companies near Hauppauge

In the Hauppauge area, 19 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 32) and received an average PPP loan of $176,514 (compared to this company's $514,690).

Industry PPP Comparison Statistics

Nationwide, 172,277 businesses in the "General Freight Trucking, Local" industry received a total of $6.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 88% lower than Pedowitz Machinery Movers Of Florida's reported 32 employees, and received an average PPP loan of $37,800, 93% lower than this company's loan of $514,690.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/pedowitz-machinery-movers-of-florida-hauppauge-ny