PPP Loan Data — Yordana's Pizza & Pasta Of Levittown, Levittown, PA
Yordana's Pizza & Pasta Of Levittown is a corporation located at 5900 Emilie Rd in Levittown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $45,885.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Yordana's Pizza & Pasta Of Levittown in Levittown, PA received a Paycheck Protection Loan of $45,885 through Wells Fargo Bank, National Association, 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, Yordana's Pizza & Pasta Of Levittown's 2019 payroll expenses are estimated to be at least $220,248.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,050 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yordana's Pizza & Pasta Of Levittown reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,885
Business Information - Yordana's Pizza & Pasta Of Levittown in Levittown, PA
5900 Emilie Rd
Levittown, PA 19057
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Levittown
In the Levittown area, 26 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $41,197 (compared to this company's $45,885).
Similar Nearby Businesses Who Received PPP Funding:
Clover 4 Inc
Snack Barrel Inc
Giovannis Pizzeria & Italian Restaurant
Manna Kitchen LLC
Endive Food LLC
Hong Kong Pearl Inc
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, 340% higher than Yordana's Pizza & Pasta Of Levittown's reported 5 employees, and received an average PPP loan of $129,504, 182% higher than this company's loan of $45,885.
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Footnotes & Information
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