PPP Loan Data — St Phylopateer, Inc, Westborough, MA
St Phylopateer, Inc is a corporation located at 1 W Main Street in Westborough, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
St Phylopateer, Inc in Westborough, MA received a Paycheck Protection Loan of $25,200 through Berkshire 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, St Phylopateer, Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Phylopateer, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - St Phylopateer, Inc in Westborough, MA
1 W Main Street
Westborough, MA 1581
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Westborough
In the Westborough area, 12 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $71,014 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
New York Deli Inc
Young Nam Corporation
Uhlman's Ice Cream, LLC
Maruti Subshop Inc
West Milk Co LLC
Dekk Group LLC
Westboro Turnpike LLC
Yummy Mummy Brands Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 320% higher than St Phylopateer, Inc's reported 5 employees, and received an average PPP loan of $100,980, 301% higher than this company's loan of $25,200.
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Footnotes & Information
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