PPP Loan Data — Alfred Club, Inc., New York, NY
Alfred Club, Inc. is a corporation located at 61 Broadway in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,449,100.00 in June, 2020.
$ PPP Loan Information
Lender:NEWTEK SMALL BUSINESS FINANCE, INC.
Alfred Club, Inc. in New York, NY received a Paycheck Protection Loan of $3.45M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in June, 2020.
Based on standard PPP eligibility rules, Alfred Club, Inc.'s total 2019 payroll expenses were approximately $16.56M in order to qualify for the PPP loan amount received.
Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $57,286 per employee1.
Business Information - Alfred Club, Inc. in New York, NY
New York, NY 10006
Food Service Contractors (NAICS code 722310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-10
Similar Companies near New York
In the New York area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 289) and received an average PPP loan of $881,926 (compared to this company's $3.45M).
Similar Nearby Businesses Who Received PPP Funding:
Health Chef Services LLC
New York, NY
MBJ Barclay Cafe Inc
New York, NY
SAV Cafe, Inc.
New York, NY
Industry PPP Comparison Statistics
Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 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 15 employees, 95% lower than Alfred Club, Inc.'s reported 289 employees, and received an average PPP loan of $108,317, 97% lower than this company's loan of $3.45M.
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, and is published unmodified, as provided by the SBA.
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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