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PPP Loan Data — 8000 Cooper Avenue Liquors Inc.,
New York, NY
8000 Cooper Avenue Liquors Inc.
Entity: Corporation
Industry: Wine and Distilled Alcoholic Beverage Merchant Wholesalers
Location: New York, NY
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8000 Cooper Avenue Liquors Inc. is a corporation located at Rosetta Wines in New York, New York that received a Coronavirus-related PPP loan from the SBA of $93,750.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
6Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION8000 Cooper Avenue Liquors Inc. received a Paycheck Protection Loan of $93,750 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, 8000 Cooper Avenue Liquors Inc.'s total 2019 payroll expenses were approximately $450,000 in order to qualify for the PPP loan amount received.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $75,000 per employee1.
Business Information - 8000 Cooper Avenue Liquors Inc. in New York, NY
Rosetta Wines
New York, NY 10005
Business Industry
Wine and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS code 424820)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NY-10Similar Companies near New York
In the New York area, 7 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $726,665 (compared to this company's $93,750).
Similar Nearby Businesses Who Received PPP Funding:
Wolff & Troy LLC
New York, NY
Global Spirits USA LLC
New York, NY
Frederick Wildman & Sons
New York, NY
Richter Restrepo PLLC
New York, NY
Baron Francois Limited
New York, NY
Vintry LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 2,169 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $385,965,966.00 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 14 employees, 133% higher than 8000 Cooper Avenue Liquors Inc.'s reported 6 employees, and received an average PPP loan of $177,947, 90% higher than this company's loan of $93,750.
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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