PPP Loan Data — SPA City Handyman LLC, Gansevoort, NY
SPA City Handyman LLC
Entity: Limited Liability Company (LLC)
Location: Gansevoort, NYTweet This • Search All PPP Data
SPA City Handyman LLC is a limited liability company (LLC) located at 10 Carefree Lane in Gansevoort, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
SPA City Handyman LLC in Gansevoort, NY received a Paycheck Protection Loan of $25,000 through Celtic Bank Corporation, 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, SPA City Handyman LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, SPA City Handyman LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - SPA City Handyman LLC in Gansevoort, NY
10 Carefree Lane
Gansevoort, NY 12831
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: Rural
Similar Companies near Gansevoort
In the Gansevoort area, 7 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $23,790 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Profile Design Build LLC
Whitbeck Construction Company LLC
R&R Building And Renovations LLC
Black Mountain Construction, Inc
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, 150% higher than SPA City Handyman LLC's reported 2 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $25,000.
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Footnotes & Information
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