PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Stallions Inc, Harrisburg, PA

ALERT: There are 2 PPP loans for a total of $60,296 in our database for businesses with the name "Stallions Inc" in Harrisburg, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Stallions Inc
PA

Stallions Inc

Entity: Subchapter S Corporation

Industry: Full-Service Restaurants

Location: Harrisburg, PA

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Stallions Inc is a subchapter s corporation located at 706 N 3rd St in Harrisburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $35,196.00 in January, 2021.

The company has reported itself as a female owned business, and employed at least fourteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #4173918304

Loan Size:

$35,196

Jobs Retained:

14

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Stallions Inc in Harrisburg, PA received a Paycheck Protection Loan of $35,196 through Manufacturers and Traders Trust Company, which was approved in January, 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 More
Understanding 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 More

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, Stallions Inc's 2019 payroll expenses are estimated to be at least $168,941.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $12,067 per employee1

Reported PPP Proceed Usage:

On the PPP application, Stallions Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $35,193
  • Utilities: $1

Business Information - Stallions Inc in Harrisburg, PA

Stallions Inc
706 N 3rd St
Harrisburg, PA 17102

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Dauphin County, PA — SBA Office 0303 — Congressional District: PA-10

Similar Companies near Harrisburg

In the Harrisburg area, 76 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 14) and received an average PPP loan of $93,437 (compared to this company's $35,196).

Industry PPP Comparison Statistics

Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 57% higher than Stallions Inc's reported 14 employees, and received an average PPP loan of $129,504, 268% higher than this company's loan of $35,196.

SBA PPP loan data, payroll data, and salaries for Stallions, Inc
PA

Stallions, Inc

Entity: Subchapter S Corporation

Industry: Limited-Service Restaurants

Location: Harrisburg, PA

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Stallions, Inc is a subchapter s corporation located at 706 North 3rd Street in Harrisburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #1045247201

Loan Size:

$25,100

Jobs Retained:

13

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Manufacturers and Traders Trust Company

Stallions, Inc in Harrisburg, PA received a Paycheck Protection Loan of $25,100 through Manufacturers and Traders Trust Company, 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 March, 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 More
Understanding 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 More

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, Stallions, Inc's 2019 payroll expenses are estimated to be at least $120,480.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,268 per employee1

Reported PPP Proceed Usage:

On the PPP application, Stallions, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,960
  • Utilities: $1,140
  • Rent: $5,000

Business Information - Stallions, Inc in Harrisburg, PA

Stallions, Inc
706 North 3rd Street
Harrisburg, PA 17102

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Dauphin County, PA — SBA Office 0303 — Congressional District: PA-10

Similar Companies near Harrisburg

In the Harrisburg area, 19 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 13) and received an average PPP loan of $26,123 (compared to this company's $25,100).

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, 62% higher than Stallions, Inc's reported 13 employees, and received an average PPP loan of $100,980, 302% higher than this company's loan of $25,100.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/stallions-inc-harrisburg-pa