PPP Loan Data — Sacred Heart Catholic Goods, Mahopac, NY
Sacred Heart Catholic Goods is a corporation located at 926 Route 6 Deraffelle Plz in Mahopac, New York that received a Coronavirus-related PPP loan from the SBA of $25,085.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Sacred Heart Catholic Goods in Mahopac, NY received a Paycheck Protection Loan of $25,085 through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Sacred Heart Catholic Goods' 2019 payroll expenses are estimated to be at least $120,408.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,082 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sacred Heart Catholic Goods reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,624
- Utilities: $1,826
- Rent: $8,889
- Health Care: $746
Business Information - Sacred Heart Catholic Goods in Mahopac, NY
926 Route 6 Deraffelle Plz
Mahopac, NY 10541
Gift, Novelty, and Souvenir Stores
NAICS code 453220
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 17,351 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $573.27M 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 6 employees, 20% higher than Sacred Heart Catholic Goods' reported 5 employees, and received an average PPP loan of $33,040, 32% higher than this company's loan of $25,085.
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Footnotes & Information
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