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PPP Loan Data — Accuity Delivery Systems, LLC,
New York, NY
Accuity Delivery Systems, LLC
Entity: Limited Liability Company (LLC)
Industry: Custom Computer Programming Services
Location: New York, NY
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Accuity Delivery Systems, LLC is a limited liability company (LLC) located at 810 7th Ave Suite 1110 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,115,700.00 in April, 2020.
$
PPP Loan Information
Loan #7692087009
Loan Size:
Jobs Retained:
293Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
CIBC Bank USAAccuity Delivery Systems, LLC in New York, NY received a Paycheck Protection Loan of $5.12M through CIBC Bank USA, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Accuity Delivery Systems, LLC's 2019 payroll expenses are estimated to be at least $24.56M.
Based on their reported 293 jobs retained, this equals an estimated average yearly compensation of $83,807 per employee1
Reported PPP Proceed Usage:
On the PPP application, Accuity Delivery Systems, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,115,700
Business Information - Accuity Delivery Systems, LLC in New York, NY
810 7th Ave Suite 1110
New York, NY 10019
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 83 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 293) and received an average PPP loan of $309,109 (compared to this company's $5.12M).
Similar Nearby Businesses Who Received PPP Funding:
Smartling Inc
New York, NY
Andre Global Inc
New York, NY
Tamara Olson Designs, LLC
New York, NY
Quanteprise Corp
New York, NY
BOK Solutions, Inc
New York, NY
O3 Technologies Solutions LLC
New York, NY
7Thonline, Inc
New York, NY
CK Technology Group LLC
New York, NY
Lucid LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 41,689 businesses in the "Custom Computer Programming Services" industry received a total of $6.26B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 97% lower than Accuity Delivery Systems, LLC's reported 293 employees, and received an average PPP loan of $150,042, 97% lower than this company's loan of $5.12M.
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. Estimations for informational purposes only. 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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