PPP Loan Data — Rayvan Pizza, Inc, Monticello, NY
Rayvan Pizza, Inc is a subchapter s corporation located at 10 South Main Street in Monticello, New York 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:KeyBank National Association
Rayvan Pizza, Inc in Monticello, NY received a Paycheck Protection Loan of $25,000 through KeyBank 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, Rayvan Pizza, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rayvan Pizza, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Rayvan Pizza, Inc in Monticello, NY
10 South Main Street
Monticello, NY 12701
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Monticello
In the Monticello area, 23 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 6) and received an average PPP loan of $30,434 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Yannis Gyro Express Cafe Inc
SOY Of Monticello Corp
Salt & Pepper The Kitchen
Nellys Sports Bar LLC
Ciao Bella Restaurant
Albella Pizza Restaurant Inc
Chinatown Kitchen Of Monticello Inc-Sba Small 7A Term
Marina & Chico'S Diner Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 267% higher than Rayvan Pizza, Inc's reported 6 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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