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PPP Loan Data — Same Day Delivery Inc,
Orangeburg, NY
Same Day Delivery Inc
Entity: Corporation
Industry: General Freight Trucking, Local
Location: Orangeburg, NY
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Same Day Delivery Inc is a corporation located at 6 Orangetown Shopping Ctr in Orangeburg, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
$
PPP Loan Information
Loan #3764218804
Loan Size:
Jobs Retained:
284Loan Approved:
2021-04-15Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationSame Day Delivery Inc in Orangeburg, NY received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Same Day Delivery Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $33,803 per employee1
Reported PPP Proceed Usage:
On the PPP application, Same Day Delivery Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Same Day Delivery Inc in Orangeburg, NY
6 Orangetown Shopping Ctr
Orangeburg, NY 10962
Business Industry:
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Orangeburg
In the Orangeburg area, 5 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 284) and received an average PPP loan of $1,414,411 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Phoenix Transportation Systems, LLC
Orangeburg, NY
Bervine Harris
Orangeburg, NY
Industry PPP Comparison Statistics
Nationwide, 172,276 businesses in the "General Freight Trucking, Local" industry received a total of $6.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 99% lower than Same Day Delivery Inc's reported 284 employees, and received an average PPP loan of $37,801, 98% lower than this company's loan of $2M.
Same Day Delivery Inc
Entity: Corporation
Industry: General Freight Trucking, Local
Location: Orangeburg, NY
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Same Day Delivery Inc is a corporation located at 6 Orangetown Center in Orangeburg, New York that received a Coronavirus-related PPP loan from the SBA of $4,957,915.00 in May, 2020.
$
PPP Loan Information
Loan #2488957707
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationSame Day Delivery Inc in Orangeburg, NY received a Paycheck Protection Loan of $4.96M through JPMorgan Chase Bank, National Association, which was approved in May, 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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Same Day Delivery Inc's 2019 payroll expenses are estimated to be at least $23.8M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $47,596 per employee1
Reported PPP Proceed Usage:
On the PPP application, Same Day Delivery Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,859,915
- Utilities: $2,000
- Rent: $20,000
- Health Care: $60,000
- Debt Interest: $16,000
Business Information - Same Day Delivery Inc in Orangeburg, NY
6 Orangetown Center
Orangeburg, NY 10962
Business Industry:
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Orangeburg
In the Orangeburg area, 5 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 500) and received an average PPP loan of $1,414,411 (compared to this company's $4.96M).
Similar Nearby Businesses Who Received PPP Funding:
Phoenix Transportation Systems, LLC
Orangeburg, NY
Bervine Harris
Orangeburg, NY
Industry PPP Comparison Statistics
Nationwide, 172,276 businesses in the "General Freight Trucking, Local" industry received a total of $6.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 99% lower than Same Day Delivery Inc's reported 500 employees, and received an average PPP loan of $37,801, 99% lower than this company's loan of $4.96M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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