PPP Loan Data — Princess International Inc, Brooklyn, NY
Princess International Inc
Entity: Subchapter S Corporation
Location: Brooklyn, NYTweet This • Search All PPP Data
Princess International Inc is a subchapter s corporation located at 1572 61 Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $46,346.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Financial Resources FCU
Princess International Inc in Brooklyn, NY received a Paycheck Protection Loan of $46,346 through Financial Resources FCU, 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, Princess International Inc's 2019 payroll expenses are estimated to be at least $222,461.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,808 per employee1
Reported PPP Proceed Usage:
On the PPP application, Princess International Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,346
Business Information - Princess International Inc in Brooklyn, NY
1572 61 Street
Brooklyn, NY 11219
Other Miscellaneous Durable Goods Merchant Wholesalers
NAICS code 423990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 45 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 8) and received an average PPP loan of $46,302 (compared to this company's $46,346).
Similar Nearby Businesses Who Received PPP Funding:
3715-15th Ave, NY
Safety Source Supply Corp
Alrite Packaging Inc
NER Yeshuois Corp
Industry PPP Comparison Statistics
Nationwide, 26,568 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1.98B 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 7 employees, 13% lower than Princess International Inc's reported 8 employees, and received an average PPP loan of $74,615, 61% higher than this company's loan of $46,346.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!