PPP Loan Data — Pfisterer Lapp LLC, Le Roy, NY
Pfisterer Lapp LLC
Entity: Limited Liability Company (LLC)
Location: Le Roy, NYTweet This • Search All PPP Data
Pfisterer Lapp LLC is a limited liability company (LLC) located at 130 Gilbert St in Le Roy, New York that received a Coronavirus-related PPP loan from the SBA of $1,931,095.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Pfisterer Lapp LLC in Le Roy, NY received a Paycheck Protection Loan of $1.93M through Bank of America, 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, Pfisterer Lapp LLC's 2019 payroll expenses are estimated to be at least $9.27M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $71,302 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pfisterer Lapp LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,931,095
Business Information - Pfisterer Lapp LLC in Le Roy, NY
130 Gilbert St
Le Roy, NY 14482
Pottery, Ceramics, and Plumbing Fixture Manufacturing
NAICS code 327110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Le Roy
In the Le Roy area, 2 businesses in the "Pottery, Ceramics, and Plumbing Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 130) and received an average PPP loan of $1,008,948 (compared to this company's $1.93M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 1,276 businesses in the "Pottery, Ceramics, and Plumbing Fixture Manufacturing" industry received a total of $107.5M 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 9 employees, 93% lower than Pfisterer Lapp LLC's reported 130 employees, and received an average PPP loan of $84,248, 96% lower than this company's loan of $1.93M.
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Footnotes & Information
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