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PPP Loan Data — Alfred Club, Inc,
New York, NY
Alfred Club, Inc
Entity: Corporation
Industry: Food Service Contractors
Location: New York, NY
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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.
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PPP Loan Information
Loan #2868407904
Loan Size:
Jobs Retained:
289Loan Approved:
2020-06-12Loan Status:
Paid in Full or ForgivenLender:
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.
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 July, 2021.
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, Alfred Club, Inc's 2019 payroll expenses are estimated to be at least $16.56M.
Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $57,286 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alfred Club, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,449,100
Business Information - Alfred Club, Inc in New York, NY
61 Broadway
New York, NY 10006
Business Industry:
Food Service Contractors
NAICS code 722310
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
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Alfred Club, Inc.
Vickers Stock Research Corp
Periodical Publishers
Vincenti & Vincenti, PC
Offices of Lawyers
Ramirez Asset Management
All Other Miscellaneous Crop Farming
Argus Research Group
Marketing Research and Public Opinion Polling
Hudson Meridian Construction Group LLC
Commercial and Institutional Building Construction
Similar Companies near New York
In the New York area, 7 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 289) and received an average PPP loan of $527,656 (compared to this company's $3.45M).
Similar Nearby Businesses Who Received PPP Funding:
Aim Pizza Corp
New York, NY
Rossowtc LLC
New York, NY
Health Chef Services LLC
New York, NY
MBJ Barclay Cafe Inc
New York, NY
SAV Cafe, Inc
New York, NY
Charles Fina
New York, NY
Industry PPP Comparison Statistics
Nationwide, 35,883 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 98% lower than Alfred Club, Inc's reported 289 employees, and received an average PPP loan of $54,432, 98% 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, 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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