PPP Loan Data — Pickled Owl, Hurleyville, NY
Pickled Owl is a limited liability company (LLC) located at 218 Main Street in Hurleyville, 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 ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:New York Business Development Corporation
Pickled Owl in Hurleyville, NY received a Paycheck Protection Loan of $25,200 through New York Business Development Corporation, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Pickled Owl's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pickled Owl reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Pickled Owl in Hurleyville, NY
218 Main Street
Hurleyville, NY 12747
NAICS code 722511
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Hurleyville
In the Hurleyville area, 7 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 10) and received an average PPP loan of $62,136 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Frankie & Johnny's Inc
Pickled Owl LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 120% higher than Pickled Owl's reported 10 employees, and received an average PPP loan of $129,504, 414% higher than this company's loan of $25,200.
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Footnotes & Information
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