On the PPP application, Little Man Parking LLC reported intending to use the proceeds of their PPP loan for the following expenses:īased 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, Little Man Parking LLC's 2019 payroll expenses are estimated to be at least $9.6M.īased on their reported 155 jobs retained, this equals an estimated average yearly compensation of $61,935 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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).
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Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.The parking garages have 5 floors with 2 large elevators that take you down to a spacious lobby where. Both garages offer indoor parking that is secure and directly across from the Port Imperial / Weehawken ferry terminal. Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs. The indoor Parking Garages at Port Imperial in Weehawken, NJ are owned and operated by Little Man Parking.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. SES - Senior Executive Service Pay Calculatorįor Little Man Parking LLC, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator.Howard said the company plans to open two new garages in Kew Gardens in January.įor more information on Littleman Parking, including daily specials and promotions, visit. In addition to one parking facility in Kew Gardens and two in Long Island City, Littleman also has nine locations in Manhattan and eight in New Jersey. In addition to playing an active role in the management and maintaining of Littleman facilities, Howard said he and his team personally train staff face-to-face on what they are doing right and correct things that they are doing wrong. He mentioned a special motto – “clean, light, and bright” – emphasizing those three integral areas in maintaining Littleman’s success. He said that a rule strictly enforced in every garage is that a manager or supervisor must walk every floor of the garage to make sure cars are parked properly and all areas are well-lit and secure. Howard described the company as “more hands-on than competitors” and also emphasized the cleanliness of the facilities. In other faculties, you may never see the owner or senior supervisor for weeks or months at a time because they operate so many facilities.” “We ensure things run professionally and properly. “Me and my supervisory staff being present at the facilities plays a huge part,” he said. He said this ability to directly interact with customers helps him offer better services to meet the needs of the clientele and that customers often get a vibe of “small business friendliness.” Howard, who launched the company in 1999, takes pride in knowing all the customers personally and is able to recognize clients not only by name but also by face. Aside from operating parking facilities open 24 hours a day, seven days a week, Littleman also manages buildings for landlords, leased facilities, and owns other properties. Littleman focuses on public parking, offering valet services and self-park facilities. “They make sure things are running right and meet customers firsthand.” “I myself or a manager is present at each facility every week, so this prevents certain problems that may exist in larger companies,” he said.
President and owner Lance Howard said although the business may not be as large as others in the trade, they offer customers certain benefits that other national companies may not.
Littleman Parking may seem like a small company, but this niche business is making big marks in the parking industry.