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PPP Loan Data — Aurify Brands, LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for Aurify Brands, LLC
NY

Aurify Brands, LLC

Entity: Limited Liability Company (LLC)

Industry: Limited-Service Restaurants

Location: New York, NY

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Aurify Brands, LLC is a limited liability company (LLC) located at 56 West 22nd St, 2nd Fl in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,031,755.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.03M

Jobs Retained:

500

Loan Approved:

2020-04-11

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Aurify Brands, LLC in New York, NY received a Paycheck Protection Loan of $5.03M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Aurify Brands, LLC's total 2019 payroll expenses were approximately $24.15M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,305 per employee1.

Because the loan received by Aurify Brands, 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 - Aurify Brands, LLC in New York, NY

Aurify Brands, LLC
56 West 22nd St, 2nd Fl
New York, NY 10010

Business Industry

Limited-Service Restaurants (NAICS code 722513)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 60 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 500) and received an average PPP loan of $227,096 (compared to this company's $5.03M).

Industry PPP Comparison Statistics

Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 95% lower than Aurify Brands, LLC's reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $5.03M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/aurify-brands-llc-new-york-ny