PPP Loan Data — Syn-Flow Inc, Albany, GA
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: Albany, GATweet This • Search All PPP Data
Syn-Flow Inc is a corporation located at 1915 in Albany, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,493.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Itria Ventures LLC
Syn-Flow Inc in Albany, GA received a Paycheck Protection Loan of $25,493 through Itria Ventures LLC, which was approved in January, 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, Syn-Flow Inc's 2019 payroll expenses are estimated to be at least $122,366.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,183 per employee1
Reported PPP Proceed Usage:
On the PPP application, Syn-Flow Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,492
- Utilities: $1
Business Information - Syn-Flow Inc in Albany, GA
Albany, GA 31707
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
NAICS code 424720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Albany
In the Albany area, 2 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" 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 $28,347 (compared to this company's $25,493).
Similar Nearby Businesses Who Received PPP Funding:
Pujan Enterprises, Inc
Industry PPP Comparison Statistics
Nationwide, 3,488 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $829.52M 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 23 employees, 1050% higher than Syn-Flow Inc's reported 2 employees, and received an average PPP loan of $237,822, 833% higher than this company's loan of $25,493.
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Footnotes & Information
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