PPP Loan Data — Pinkyinc LLC, Marlborough, MA
Pinkyinc LLC is a limited liability company (LLC) located at 496 Boston Post Road East Suite C in Marlborough, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Pinkyinc LLC in Marlborough, MA received a Paycheck Protection Loan of $25,000 through Citizens Bank, 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, Pinkyinc LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pinkyinc LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Pinkyinc LLC in Marlborough, MA
496 Boston Post Road East Suite C
Marlborough, MA 1752
Administration of Education Programs
NAICS code 923110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,647 businesses in the "Administration of Education Programs" industry received a total of $314.68M 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 11 employees, 267% higher than Pinkyinc LLC's reported 3 employees, and received an average PPP loan of $86,285, 245% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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