PPP Loan Data — UR 1St Stop Convenience, Manchester, NH
UR 1St Stop Convenience is a sole proprietorship located in Manchester, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank, National Association
UR 1St Stop Convenience in Manchester, NH received a Paycheck Protection Loan of $25,000 through Citizens 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 June, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, UR 1St Stop Convenience reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - UR 1St Stop Convenience in Manchester, NH
* Full address is redacted to protect the privacy of individuals.
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Manchester
In the Manchester area, 22 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $22,471 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
N & T Manchester Inc
696 Mast Road Realty Corp
425 Lake Ave Inc
Budget Gas And Garage LLC
696 Mast RD Realty Corp
James Christ Kolaras
Tirth Brothers LLC
Pujan Brothers LLC
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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, 900% higher than UR 1St Stop Convenience's reported 1 employees, and received an average PPP loan of $45,821, 83% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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