NY

Zenchi Inc.

Entity: Corporation

Industry: Electronic Shopping and Mail-Order Houses

Location: New York, NY

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Zenchi Inc. is a corporation located at 413 W 14th St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $36,100.00 in April, 2020.

$ PPP Loan Information

Zenchi Inc. received a Paycheck Protection Loan of $36,100 through COASTAL COMMUNITY BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Zenchi Inc.'s total 2019 payroll expenses were approximately $173,280 in order to qualify for the PPP loan amount received.

Unlike most businesses, Zenchi Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Zenchi Inc. in New York, NY

Similar Companies near New York

In the New York area, 18 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 0) and received an average PPP loan of $453,488 (compared to this company's $36,100).

Industry PPP Comparison Statistics

Nationwide, 7,082 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $544,486,530.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, and received an average PPP loan of $76,883, 113% higher than this company's loan of $36,100.