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PPP Loan Data — Another Ride PR Inc,
Bronx, NY
Another Ride PR Inc
Entity: Subchapter S Corporation
Industry: All Other Support Services
Location: Bronx, NY
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Another Ride PR Inc is a subchapter s corporation located at 960 Close Ave in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,551,467.00 in March, 2021.
The company has reported itself as a White female owned business, and employed at least 235 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7929258606
Loan Size:
Jobs Retained:
235Loan Approved:
2021-03-24Loan Status:
Paid in Full or ForgivenLender:
HSBC Bank USA, National AssociationAnother Ride PR Inc in Bronx, NY received a Paycheck Protection Loan of $1.55M through HSBC Bank USA, National Association, which was approved in March, 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 April, 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 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, Another Ride PR Inc's 2019 payroll expenses are estimated to be at least $7.45M.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $31,690 per employee1
Reported PPP Proceed Usage:
On the PPP application, Another Ride PR Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,551,462
- Utilities: $1
Business Information - Another Ride PR Inc in Bronx, NY
960 Close Ave
Bronx, NY 10473
Business Industry:
All Other Support Services
NAICS code 561990
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Another Ride PR Inc.
Childrens Trans Inc
Unclassified Establishments
Similar Companies near Bronx
In the Bronx area, 7 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 235) and received an average PPP loan of $275,927 (compared to this company's $1.55M).
Similar Nearby Businesses Who Received PPP Funding:
Carepoint Pharmacy Corp
Bronx, NY
Velasco Designs LLC
Bronx, NY
CJ Tropical Corp
Bronx, NY
Regional Testing Corp
Bronx, NY
Tchatchouwo Ventures, LLC
Bronx, NY
Madison Fund Service, LTD
Bronx, NY
Industry PPP Comparison Statistics
Nationwide, 33,516 businesses in the "All Other Support Services" industry received a total of $1.7B 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, 97% lower than Another Ride PR Inc's reported 235 employees, and received an average PPP loan of $50,756, 97% lower than this company's loan of $1.55M.
Another Ride PR Inc
Entity: Subchapter S Corporation
Industry: School and Employee Bus Transportation
Location: Bronx, NY
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Another Ride PR Inc is a subchapter s corporation located at 960 Close Ave in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,592,035.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 297 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3951547209
Loan Size:
Jobs Retained:
297Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
HSBC Bank USA, National AssociationAnother Ride PR Inc in Bronx, NY received a Paycheck Protection Loan of $1.59M through HSBC Bank USA, National Association, 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, 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, Another Ride PR Inc's 2019 payroll expenses are estimated to be at least $7.64M.
Based on their reported 297 jobs retained, this equals an estimated average yearly compensation of $25,730 per employee1
Reported PPP Proceed Usage:
On the PPP application, Another Ride PR Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,592,035
Business Information - Another Ride PR Inc in Bronx, NY
960 Close Ave
Bronx, NY 10473
Business Industry:
School and Employee Bus Transportation
NAICS code 485410
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Another Ride PR Inc.
Childrens Trans Inc
Unclassified Establishments
Similar Companies near Bronx
In the Bronx area, 3 businesses in the "School and Employee Bus Transportation" industry received a PPP loan. These local businesses reported an average of 306 employees (compared to this company's 297) and received an average PPP loan of $2,169,275 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
GVC LTD
Bronx, NY
Phillip Bus Service,Inc
Bronx, NY
Industry PPP Comparison Statistics
Nationwide, 3,328 businesses in the "School and Employee Bus Transportation" industry received a total of $525M 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 29 employees, 90% lower than Another Ride PR Inc's reported 297 employees, and received an average PPP loan of $157,753, 90% lower than this company's loan of $1.59M.
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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