PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Am NYC LLC, Harrison, NY

ALERT: There are 2 PPP loans for a total of $4.76M in our database for businesses with the name "Am NYC LLC" in Harrison, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Am NYC LLC

FRANCHISE

NY

Am NYC LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Franchise: Applebee's Neighborhood Grill & Bar

Location: Harrison, NY

Search All PPP Data

Am NYC LLC is a limited liability company (LLC) located at 550 Mamaroneck Ave in Harrison, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Applebee's Neighborhood Grill & Bar franchise.

$ PPP Loan Information
Loan #5292878400

Loan Size:

$2M

Jobs Retained:

185

Loan Approved:

2021-02-08

Loan Status:

Paid in Full or Forgiven

Lender:

Equity Bank

Am NYC LLC in Harrison, NY received a Paycheck Protection Loan of $2M through Equity Bank, which was approved in February, 2021.

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 September, 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 More
Understanding 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 More

Based 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, Am NYC LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $51,892 per employee1

Reported PPP Proceed Usage:

On the PPP application, Am NYC LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Am NYC LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Am NYC LLC in Harrison, NY

Am NYC LLC
550 Mamaroneck Ave
Harrison, NY 10528

Business Industry:
Full-Service Restaurants
NAICS code 722511

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

Westchester County, NY — SBA Office 0202 — Congressional District: NY-17

Similar Companies near Harrison

In the Harrison area, 28 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 185) and received an average PPP loan of $495,339 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 326,447 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 88% lower than Am NYC LLC's reported 185 employees, and received an average PPP loan of $130,221, 93% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Am NYC, LLC

FRANCHISE

NY

Am NYC, LLC

Entity: Limited Liability Company (LLC)

Industry: Limited-Service Restaurants

Franchise: Applebee's Neighborhood Grill & Bar

Location: Harrison, NY

Search All PPP Data

Am NYC, LLC is a limited liability company (LLC) located at Mamaroneck Ave in Harrison, New York that received a Coronavirus-related PPP loan from the SBA of $2,761,100.00 in April, 2020. This business is a Applebee's Neighborhood Grill & Bar franchise.

$ PPP Loan Information
Loan #7764617100

Loan Size:

$2.76M

Jobs Retained:

342

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Equity Bank

Am NYC, LLC in Harrison, NY received a Paycheck Protection Loan of $2.76M through Equity Bank, 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 May, 2022.

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 More
Understanding 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 More

Based 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, Am NYC, LLC's 2019 payroll expenses are estimated to be at least $13.25M.

Based on their reported 342 jobs retained, this equals an estimated average yearly compensation of $38,752 per employee1

Reported PPP Proceed Usage:

On the PPP application, Am NYC, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,761,100
Because the loan received by Am NYC, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Am NYC, LLC in Harrison, NY

Am NYC, LLC
Mamaroneck Ave
Harrison, NY 10528

Business Industry:
Limited-Service Restaurants
NAICS code 722513

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

Westchester County, NY — SBA Office 0202 — Congressional District: NY-17

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Am NYC, LLC.

Apple Metro Inc
Limited-Service Restaurants

$2.92M PPP Loan

Similar Companies near Harrison

In the Harrison area, 10 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 342) and received an average PPP loan of $620,637 (compared to this company's $2.76M).

Industry PPP Comparison Statistics

Nationwide, 136,544 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 94% lower than Am NYC, LLC's reported 342 employees, and received an average PPP loan of $101,555, 96% lower than this company's loan of $2.76M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/am-nyc-llc-harrison-ny