PPP Loan Data — Pillars Yogurt LLC, Boston, MA
Pillars Yogurt LLC
Entity: Limited Liability Company (LLC)
Location: Boston, MATweet This • Search All PPP Data
Pillars Yogurt LLC is a limited liability company (LLC) located at 25 Morrissey Blvd Unit 1301 in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,304.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Pillars Yogurt LLC in Boston, MA received a Paycheck Protection Loan of $25,304 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, Pillars Yogurt LLC's 2019 payroll expenses are estimated to be at least $121,459.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,486 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pillars Yogurt LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,304
Business Information - Pillars Yogurt LLC in Boston, MA
25 Morrissey Blvd Unit 1301
Boston, MA 2125
Other Miscellaneous Nondurable Goods Merchant Wholesalers
NAICS code 424990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 2 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 3) and received an average PPP loan of $283,198 (compared to this company's $25,304).
Similar Nearby Businesses Who Received PPP Funding:
Diamond Windows & Doors MFG., Inc
Industry PPP Comparison Statistics
Nationwide, 15,243 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $1.34B 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, 200% higher than Pillars Yogurt LLC's reported 3 employees, and received an average PPP loan of $88,038, 248% higher than this company's loan of $25,304.
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