PPP Loan Data — SBG Capital Management LLC, West Harrison, NY
SBG Capital Management LLC is a sole proprietorship located in West Harrison, New York that received a Coronavirus-related PPP loan from the SBA of $25,352.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
SBG Capital Management LLC in West Harrison, NY received a Paycheck Protection Loan of $25,352 through Bank of America, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, SBG Capital Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,352
Business Information - SBG Capital Management LLC in West Harrison, NY
West Harrison, NY
* Full address is redacted to protect the privacy of individuals.
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than SBG Capital Management LLC's reported 1 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,352.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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