PPP Loan Data — Premier Valet Service LLC, Wyandanch, NY
Premier Valet Service LLC is a limited liability company (LLC) located at 29 Midland Lane in Wyandanch, New York that received a Coronavirus-related PPP loan from the SBA of $25,238.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Premier Valet Service LLC in Wyandanch, NY received a Paycheck Protection Loan of $25,238 through Cross River Bank, which was approved in July, 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, Premier Valet Service LLC's 2019 payroll expenses are estimated to be at least $121,142.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,319 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Valet Service LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,238
Business Information - Premier Valet Service LLC in Wyandanch, NY
29 Midland Lane
Wyandanch, NY 11798
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wyandanch
In the Wyandanch area, 13 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 13) and received an average PPP loan of $37,861 (compared to this company's $25,238).
Similar Nearby Businesses Who Received PPP Funding:
Goldstar Trans Inc
Turners Trash Removal
Max Dor Mecanic Services
Ser-Sal Trucking Inc
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 69% lower than Premier Valet Service LLC's reported 13 employees, and received an average PPP loan of $37,520, 49% higher than this company's loan of $25,238.
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Footnotes & Information
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