PPP Loan Data — Richard Lighton, Syracuse, NY
Richard Lighton is a sole proprietorship located at 886 E. Brighton Avenue in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $46,408.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Richard Lighton in Syracuse, NY received a Paycheck Protection Loan of $46,408 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, Richard Lighton's 2019 payroll expenses are estimated to be at least $222,758.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,253 per employee1
Reported PPP Proceed Usage:
On the PPP application, Richard Lighton reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,408
Business Information - Richard Lighton in Syracuse, NY
886 E. Brighton Avenue
Syracuse, NY 13205
NAICS code 237210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Syracuse
In the Syracuse area, 2 businesses in the "Land Subdivision" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $51,888 (compared to this company's $46,408).
Similar Nearby Businesses Who Received PPP Funding:
Empire Housing And Development Corporation
Industry PPP Comparison Statistics
Nationwide, 4,596 businesses in the "Land Subdivision" industry received a total of $468.09M 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 10 employees, 233% higher than Richard Lighton's reported 3 employees, and received an average PPP loan of $101,846, 119% higher than this company's loan of $46,408.
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