PPP Loan Data — Yezzi & Company Inc, Manhasset, NY
Yezzi & Company Inc is a corporation located at 2 Park Avenue in Manhasset, New York that received a Coronavirus-related PPP loan from the SBA of $24,917.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Yezzi & Company Inc in Manhasset, NY received a Paycheck Protection Loan of $24,917 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, Yezzi & Company Inc's 2019 payroll expenses are estimated to be at least $119,602.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,801 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yezzi & Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,917
Business Information - Yezzi & Company Inc in Manhasset, NY
2 Park Avenue
Manhasset, NY 11030
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Manhasset
In the Manhasset area, 20 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $33,420 (compared to this company's $24,917).
Similar Nearby Businesses Who Received PPP Funding:
Mucci Agency, Inc
Chen Insurance Brokerage Inc
The Snedeker-Jenkins Agency Inc
SHR Wealth Management
Alison Katherine Friedman
Richard Mckenna Agency Inc
Ema3 Management LLC
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 100% higher than Yezzi & Company Inc's reported 2 employees, and received an average PPP loan of $39,254, 58% higher than this company's loan of $24,917.
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Footnotes & Information
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