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PPP Loan Data — 20 Tsq Lessee LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for 20 Tsq Lessee LLC
NY

20 Tsq Lessee LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: New York, NY

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20 Tsq Lessee LLC is a limited liability company (LLC) located at 701 7th Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,277,799.00 in April, 2020.

The company has reported itself as a White male owned business.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-29

Lender:

FIRST BANK OF THE LAKE

20 Tsq Lessee LLC received a Paycheck Protection Loan of $3.28M through FIRST BANK OF THE LAKE, which was approved in April, 2020.

Based on standard PPP eligibility rules, 20 Tsq Lessee LLC's total 2019 payroll expenses were approximately $15.73M in order to qualify for the PPP loan amount received.

Unlike most businesses, 20 Tsq Lessee LLC'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.

Because the loan received by 20 Tsq Lessee LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - 20 Tsq Lessee LLC in New York, NY

20 Tsq Lessee LLC
701 7th Ave
New York, NY 10036

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-10

Similar Companies near New York

In the New York area, 23 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 0) and received an average PPP loan of $939,360 (compared to this company's $3.28M).

Industry PPP Comparison Statistics

Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 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 21 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.28M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/20-tsq-lessee-llc-new-york-ny