PPP Loan Data — Superior Development Center Of NY, Brooklyn, NY
Superior Development Center Of NY is a corporation located at 413 Quentin Road in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Santander Bank, National Association
Superior Development Center Of NY in Brooklyn, NY received a Paycheck Protection Loan of $25,000 through Santander Bank, National Association, which was approved in May, 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
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, Superior Development Center Of NY'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, Superior Development Center Of NY reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Superior Development Center Of NY in Brooklyn, NY
413 Quentin Road
Brooklyn, NY 11223
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 20 businesses in the "Custom Computer Programming Services" 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 $74,973 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Sausage Queen LLC
New York City, NY
Rebellion Design Company LLC
Infinite Catalog LLC
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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 Superior Development Center Of NY's reported 2 employees, and received an average PPP loan of $153,857, 515% higher than this company's loan of $25,000.
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Footnotes & Information
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