PPP Loan Data — Pelvov Inc, Astoria, NY
Pelvov Inc is a corporation located at 31-04 35th Street in Astoria, New York that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Pelvov Inc in Astoria, NY received a Paycheck Protection Loan of $25,200 through Loan Source Incorporated, 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, Pelvov Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pelvov Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Pelvov Inc in Astoria, NY
31-04 35th Street
Astoria, NY 11106
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Astoria
In the Astoria area, 21 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $67,719 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Healthy RX, Inc
Crescent Chemist, Inc
Long Island City, NY
Get Well RX Inc
M And S Drugs Inc
Long Island City, NY
Astoria Drugs Inc
Crown Chemists LTD
Pharmacare Plus Inc
Astor Pharmacy Corp
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 500% higher than Pelvov Inc's reported 2 employees, and received an average PPP loan of $94,214, 274% higher than this company's loan of $25,200.
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Footnotes & Information
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