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PPP Loan Data — Anchin, Block & Anchin, LLP,
New York, NY
Anchin, Block & Anchin, LLP
Entity: Partnership
Industry: Offices of Certified Public Accountants
Location: New York, NY
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Anchin, Block & Anchin, LLP is a partnership located at 1375 Broadway in New York, New York that received a Coronavirus-related PPP loan from the SBA of $6,524,237.00 in April, 2020.
$
PPP Loan Information
Loan #1165127107
Loan Size:
Jobs Retained:
315Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Valley National BankAnchin, Block & Anchin, LLP in New York, NY received a Paycheck Protection Loan of $6.52M through Valley National 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 August, 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, Anchin, Block & Anchin, LLP's 2019 payroll expenses are estimated to be at least $31.32M.
Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $99,417 per employee1
Reported PPP Proceed Usage:
On the PPP application, Anchin, Block & Anchin, LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,524,237
Business Information - Anchin, Block & Anchin, LLP in New York, NY
1375 Broadway
New York, NY 10018
Business Industry:
Offices of Certified Public Accountants
NAICS code 541211
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 9 other businesses that received a PPP loan registered to the same address as Anchin, Block & Anchin, LLP.
European Perfumes & Cosmetics Inc
Cosmetics, Beauty Supplies, and Perfume Stores
Norman Jean Roy Inc-Sba Small 7A Term
Unknown
Touchpos Solutions LLC
Custom Computer Programming Services
Redpoint Cybersecurity LLC
All Other Telecommunications
Phantom International Inc
Other Miscellaneous Durable Goods Merchant Wholesalers
Every Woman Wellness And Pain Management
Offices of Physicians (except Mental Health Specialists)
1375 Broadway Gifts LLC
Gift, Novelty, and Souvenir Stores
Maurice Kassimir & Associates
Offices of Lawyers
Reunited LLC
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers
Similar Companies near New York
In the New York area, 151 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 315) and received an average PPP loan of $211,609 (compared to this company's $6.52M).
Similar Nearby Businesses Who Received PPP Funding:
Otwan Lowery
New York, NY
Socio, LLC
New York, NY
KBL LLP
New York, NY
Ppmt Strategic Group Inc
New York, NY
CPA Management Corp
New York, NY
Faber & Fox LLP
New York, NY
Bernstein Rosen & Company CPAs PC
New York, NY
Mathew John
New York, NY
Pegg & Pegg LLP
New York, NY
Industry PPP Comparison Statistics
Nationwide, 56,835 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 98% lower than Anchin, Block & Anchin, LLP's reported 315 employees, and received an average PPP loan of $74,014, 99% lower than this company's loan of $6.52M.
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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