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PPP Loan Data — 2012 Usp Holdings, Inc., Elmont, NY

SBA PPP loan data, payroll data, and salaries for 2012 Usp Holdings, Inc.
NY

2012 Usp Holdings, Inc.

Entity: Subchapter S Corporation

Industry: Periodical Publishers

Location: Elmont, NY

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2012 Usp Holdings, Inc. is a subchapter s corporation located at 570 Elmont Road in Elmont, New York that received a Coronavirus-related PPP loan from the SBA of $7,840,195.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.84M

Jobs Retained:

500

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

2012 Usp Holdings, Inc. received a Paycheck Protection Loan of $7.84M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, 2012 Usp Holdings, Inc.'s total 2019 payroll expenses were approximately $37.63M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $75,266 per employee1.

Because the loan received by 2012 Usp Holdings, Inc. 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 - 2012 Usp Holdings, Inc. in Elmont, NY

2012 Usp Holdings, Inc.
570 Elmont Road
Elmont, NY 11003

Business Industry

Periodical Publishers (NAICS code 511120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-05

Industry PPP Comparison Statistics

Nationwide, 2,110 businesses in the "Periodical Publishers" industry received a total of $322,626,074.00 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 10 employees, 98% lower than 2012 Usp Holdings, Inc.'s reported 500 employees, and received an average PPP loan of $152,903, 98% lower than this company's loan of $7.84M.

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.

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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/2012-usp-holdings-inc-elmont-ny