PPP Loan Data — Perring Parkway Pizza Inc, Baltimore, MD
Perring Parkway Pizza Inc is a corporation located at 2327 Cleanleigh Dr in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021. This business is a Pizza Boli's franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Perring Parkway Pizza Inc in Baltimore, MD received a Paycheck Protection Loan of $25,000 through Benworth Capital, which was approved in January, 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, Perring Parkway Pizza Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Perring Parkway Pizza Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,998
- Utilities: $1
Business Information - Perring Parkway Pizza Inc in Baltimore, MD
2327 Cleanleigh Dr
Baltimore, MD 21234
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 24 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 6) and received an average PPP loan of $35,005 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
James Fiesta Grill LLC
Cannellas Of Cub Hill LLC
Apex Trading LLC
Southern Blues L And C Inc
DEV Subway Lnc
Pita Pan Enterprises LLC
Sarah Van Sciver
XIN Jin LLC
C&S Beverage Co., Inc. T/A Jerry D's Saloon
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, 250% higher than Perring Parkway Pizza Inc's reported 6 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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