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PPP Loan Data — 60Up LLC,
New York, NY
60Up LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Telecommunications
Location: New York, NY
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60Up LLC is a limited liability company (LLC) located at 60 University Pl in New York, New York that received a Coronavirus-related PPP loan from the SBA of $61,022.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
14Loan Approved:
2020-04-28Lender:
HSBC BANK USA, NATIONAL ASSOCIATION60Up LLC received a Paycheck Protection Loan of $61,022 through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, 60Up LLC's total 2019 payroll expenses were approximately $292,906 in order to qualify for the PPP loan amount received.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $20,922 per employee1.
Business Information - 60Up LLC in New York, NY
60 University Pl
New York, NY 10003
Business Industry
All Other Telecommunications (NAICS code 517919)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 15 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 14) and received an average PPP loan of $1,094,332 (compared to this company's $61,022).
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Industry PPP Comparison Statistics
Nationwide, 6,603 businesses in the "All Other Telecommunications" industry received a total of $691,992,618.00 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 8 employees, 43% lower than 60Up LLC's reported 14 employees, and received an average PPP loan of $104,800, 72% higher than this company's loan of $61,022.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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