PPP Loan Data — Van Wyck Deli & Catering LLC, Poughkeepsie, NY
Van Wyck Deli & Catering LLC is a corporation located at 423 Manchester Rd in Poughkeepsie, New York that received a Coronavirus-related PPP loan from the SBA of $24,895.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Van Wyck Deli & Catering LLC in Poughkeepsie, NY received a Paycheck Protection Loan of $24,895 through Manufacturers and Traders Trust Company, 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 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, Van Wyck Deli & Catering LLC's 2019 payroll expenses are estimated to be at least $119,496.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,916 per employee1
Reported PPP Proceed Usage:
On the PPP application, Van Wyck Deli & Catering LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $11,295
- Utilities: $5,000
- Rent: $8,600
Business Information - Van Wyck Deli & Catering LLC in Poughkeepsie, NY
423 Manchester Rd
Poughkeepsie, NY 12603
NAICS code 722511
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, 54 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 6) and received an average PPP loan of $69,899 (compared to this company's $24,895).
Similar Nearby Businesses Who Received PPP Funding:
Jason Patricks On 44
Dutchess BBQ Bistro And Bar Inc
Ja-Merican Caribbean Cuisine LLC
Bulldogs & Burritos LTD
Angelo's Pizza Of Poughkeepsie Inc
Abacus Asian Fusion Corp
The Family Pizza Group Inc
LC Northeast Corporation
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 267% higher than Van Wyck Deli & Catering LLC's reported 6 employees, and received an average PPP loan of $129,504, 420% higher than this company's loan of $24,895.
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Footnotes & Information
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