PPP Loan Data — The Piggery Retail LLC, Ithaca, NY
The Piggery Retail LLC is a limited liability company (LLC) located at 423 Franklin St in Ithaca, New York that received a Coronavirus-related PPP loan from the SBA of $46,957.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
The Piggery Retail LLC in Ithaca, NY received a Paycheck Protection Loan of $46,957 through JPMorgan Chase 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 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, The Piggery Retail LLC's 2019 payroll expenses are estimated to be at least $225,394.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,539 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Piggery Retail LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,217
- Utilities: $6,106
- Rent: $5,634
Business Information - The Piggery Retail LLC in Ithaca, NY
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than The Piggery Retail LLC's reported 10 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,957.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!