PPP Loan Data — Sixty Smq, LLC, Mount Vernon, NY
Sixty Smq, LLC
Entity: Limited Liability Company (LLC)
Location: Mount Vernon, NYTweet This • Search All PPP Data
Sixty Smq, LLC is a limited liability company (LLC) located at 60 South Macquesten Parkway 0.0 in Mount Vernon, New York that received a Coronavirus-related PPP loan from the SBA of $24,952.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Sixty Smq, LLC in Mount Vernon, NY received a Paycheck Protection Loan of $24,952 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 May, 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, Sixty Smq, LLC's 2019 payroll expenses are estimated to be at least $119,770.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,885 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sixty Smq, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,952
Business Information - Sixty Smq, LLC in Mount Vernon, NY
60 South Macquesten Parkway 0.0
Mount Vernon, NY 10550
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Mount Vernon
In the Mount Vernon area, 2 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $46,851 (compared to this company's $24,952).
Similar Nearby Businesses Who Received PPP Funding:
50-55 South Mac Realty LLC
Mount Vernon, NY
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B 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, 400% higher than Sixty Smq, LLC's reported 2 employees, and received an average PPP loan of $89,367, 258% higher than this company's loan of $24,952.
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Footnotes & Information
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