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PPP Loan Data — W & E Seafood Wholesale LLC, New York, NY

ALERT: There are 2 PPP loans for a total of $92,359 in our database for businesses with the name "W & E Seafood Wholesale LLC" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for W & E Seafood Wholesale LLC
NY

W & E Seafood Wholesale LLC

Entity: Limited Liability Company (LLC)

Industry: Fish and Seafood Merchant Wholesalers

Location: New York, NY

Search All PPP Data

W & E Seafood Wholesale LLC is a limited liability company (LLC) located at 27 Monroe St Apt 29 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $46,180.00 in February, 2021.

The company has reported itself as an Asian female owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information
Loan #5420198501

Loan Size:

$46,180

Jobs Retained:

10

Loan Approved:

2021-02-27

Loan Status:

Active Un-Disbursed

Lender:

Abacus Federal Savings Bank
PPP Funds Undisbursed

W & E Seafood Wholesale LLC in New York, NY received a Paycheck Protection Loan of $46,180 through Abacus Federal Savings Bank, which was approved in February, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $46,180 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, W & E Seafood Wholesale LLC's 2019 payroll expenses are estimated to be at least $221,664.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,166 per employee1

Reported PPP Proceed Usage:

On the PPP application, W & E Seafood Wholesale LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,178
  • Utilities: $1

Business Information - W & E Seafood Wholesale LLC in New York, NY

W & E Seafood Wholesale LLC
27 Monroe St Apt 29
New York, NY 10002

Business Industry:
Fish and Seafood Merchant Wholesalers
NAICS code 424460

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-07

Similar Companies near New York

In the New York area, 15 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 10) and received an average PPP loan of $63,262 (compared to this company's $46,180).

Industry PPP Comparison Statistics

Nationwide, 3,281 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a total of $360.62M 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 12 employees, 20% higher than W & E Seafood Wholesale LLC's reported 10 employees, and received an average PPP loan of $109,912, 138% higher than this company's loan of $46,180.

SBA PPP loan data, payroll data, and salaries for W & E Seafood Wholesale LLC
NY

W & E Seafood Wholesale LLC

Entity: Limited Liability Company (LLC)

Industry: Fish and Seafood Merchant Wholesalers

Location: New York, NY

Search All PPP Data

W & E Seafood Wholesale LLC is a limited liability company (LLC) located at 27-29 Monroe St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $46,179.00 in July, 2020.

The company has reported itself as an Asian female owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information
Loan #1604488207

Loan Size:

$46,179

Jobs Retained:

10

Loan Approved:

2020-07-30

Loan Status:

Ongoing Loan

Lender:

Abacus Federal Savings Bank

W & E Seafood Wholesale LLC in New York, NY received a Paycheck Protection Loan of $46,179 through Abacus Federal Savings Bank, which was approved in July, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, W & E Seafood Wholesale LLC's 2019 payroll expenses are estimated to be at least $221,659.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,166 per employee1

Reported PPP Proceed Usage:

On the PPP application, W & E Seafood Wholesale LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $36,944
  • Utilities: $4,235
  • Mortgage Interest: $5,000

Business Information - W & E Seafood Wholesale LLC in New York, NY

W & E Seafood Wholesale LLC
27-29 Monroe St
New York, NY 10002

Business Industry:
Fish and Seafood Merchant Wholesalers
NAICS code 424460

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-07

Similar Companies near New York

In the New York area, 15 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 10) and received an average PPP loan of $63,262 (compared to this company's $46,179).

Industry PPP Comparison Statistics

Nationwide, 3,281 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a total of $360.62M 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 12 employees, 20% higher than W & E Seafood Wholesale LLC's reported 10 employees, and received an average PPP loan of $109,912, 138% higher than this company's loan of $46,179.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/w-e-seafood-wholesale-llc-new-york-ny