PPP Loan Data — Y & Z Pharmacy Inc, Brooklyn, NY
Y & Z Pharmacy Inc is a subchapter s corporation located at 1901 Avenue M in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $46,155.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Y & Z Pharmacy Inc in Brooklyn, NY received a Paycheck Protection Loan of $46,155 through WebBank, which was approved in May, 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, Y & Z Pharmacy Inc's 2019 payroll expenses are estimated to be at least $221,544.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,649 per employee1
Reported PPP Proceed Usage:
On the PPP application, Y & Z Pharmacy Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,155
Business Information - Y & Z Pharmacy Inc in Brooklyn, NY
1901 Avenue M
Brooklyn, NY 11230
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 31 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 7) and received an average PPP loan of $56,481 (compared to this company's $46,155).
Similar Nearby Businesses Who Received PPP Funding:
Prime Care Drug & Surgicals Corp
Vava Pharmacy Inc-Sba Small 7A Term
ASF Pharmacy, Inc
M Drugs Inc
TEZ Pharmacy Inc
RM Island Pharmacy
Medex Pharmacy Inc
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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, 71% higher than Y & Z Pharmacy Inc's reported 7 employees, and received an average PPP loan of $94,214, 104% higher than this company's loan of $46,155.
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Footnotes & Information
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