PPP Loan Data — Salamon's Home Improvements Inc, Monsey, NY
Salamon's Home Improvements Inc
Entity: Subchapter S Corporation
Location: Monsey, NYTweet This • Search All PPP Data
Salamon's Home Improvements Inc is a subchapter s corporation located at Po Box 597 in Monsey, New York that received a Coronavirus-related PPP loan from the SBA of $45,946.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:American Express National Bank
Salamon's Home Improvements Inc in Monsey, NY received a Paycheck Protection Loan of $45,946 through American Express National Bank, 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, Salamon's Home Improvements Inc's 2019 payroll expenses are estimated to be at least $220,541.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,506 per employee1
Reported PPP Proceed Usage:
On the PPP application, Salamon's Home Improvements Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $41,351
- Utilities: $2,297
- Rent: $2,297
Business Information - Salamon's Home Improvements Inc in Monsey, NY
Po Box 597
Monsey, NY 10952
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Monsey
In the Monsey area, 41 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $34,217 (compared to this company's $45,946).
Similar Nearby Businesses Who Received PPP Funding:
SA Rock, Corp
Darna Homes LTD
All In One Home Remodeling & Construction Inc
Superior Piping & Heating Inc
Gabis Construction Corp
Platoon Construction Inc
AAA Home Improvements USA Inc
ANA Properties LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 29% lower than Salamon's Home Improvements Inc's reported 7 employees, and received an average PPP loan of $45,182, 2% lower than this company's loan of $45,946.
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