PPP Loan Data — Star Kay White, Inc, Congers, NY
Star Kay White, Inc is a subchapter s corporation located at 151 Wells Avenue in Congers, New York that received a Coronavirus-related PPP loan from the SBA of $1,931,567.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 140 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Star Kay White, Inc in Congers, NY received a Paycheck Protection Loan of $1.93M through TD 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 April, 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, Star Kay White, Inc's 2019 payroll expenses are estimated to be at least $9.27M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $66,225 per employee1
Reported PPP Proceed Usage:
On the PPP application, Star Kay White, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,931,567
Business Information - Star Kay White, Inc in Congers, NY
151 Wells Avenue
Congers, NY 10920
Flavoring Syrup and Concentrate Manufacturing
NAICS code 311930
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 243 businesses in the "Flavoring Syrup and Concentrate Manufacturing" industry received a total of $63.86M 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 22 employees, 84% lower than Star Kay White, Inc's reported 140 employees, and received an average PPP loan of $262,784, 86% lower than this company's loan of $1.93M.
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Footnotes & Information
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