PPP Loan Data — Uncle Vinny's Deli Inc, Poughkeepsie, NY
Uncle Vinny's Deli Inc is a subchapter s corporation located at 702 Freedom Plains Rd in Poughkeepsie, New York that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Uncle Vinny's Deli Inc in Poughkeepsie, NY received a Paycheck Protection Loan of $24,900 through Mahopac Bank, which was approved in April, 2020.
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, Uncle Vinny's Deli Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Uncle Vinny's Deli Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Uncle Vinny's Deli Inc in Poughkeepsie, NY
702 Freedom Plains Rd
Poughkeepsie, NY 12603
NAICS code 445210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Poughkeepsie
In the Poughkeepsie area, 2 businesses in the "Meat Markets" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $36,200 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Chan's Peking Inc
Industry PPP Comparison Statistics
Nationwide, 4,261 businesses in the "Meat Markets" industry received a total of $247.79M 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, 67% higher than Uncle Vinny's Deli Inc's reported 6 employees, and received an average PPP loan of $58,154, 134% higher than this company's loan of $24,900.
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Footnotes & Information
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