PPP Loan Data — Ponzo's Boxing Club LLC, Bardonia, NY
Ponzo's Boxing Club LLC is a limited liability company (LLC) located at 6 Brenda Ln in Bardonia, New York that received a Coronavirus-related PPP loan from the SBA of $46,960.00 in January, 2021. This business is a Title Boxing Club franchise.
The company has reported itself as a female owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Ponzo's Boxing Club LLC in Bardonia, NY received a Paycheck Protection Loan of $46,960 through Manufacturers and Traders Trust Company, 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, Ponzo's Boxing Club LLC's 2019 payroll expenses are estimated to be at least $225,408.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $15,027 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ponzo's Boxing Club LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,955
- Utilities: $1
Business Information - Ponzo's Boxing Club LLC in Bardonia, NY
6 Brenda Ln
Bardonia, NY 10954
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bardonia
In the Bardonia area, 13 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 15) and received an average PPP loan of $65,502 (compared to this company's $46,960).
Similar Nearby Businesses Who Received PPP Funding:
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Nanuet Karate Inc
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Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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 12 employees, 20% lower than Ponzo's Boxing Club LLC's reported 15 employees, and received an average PPP loan of $47,823, 2% higher than this company's loan of $46,960.
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Footnotes & Information
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