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PPP Loan Data — AYR Inc,
New York, NY
AYR Inc
Entity: Corporation
Industry: Electronic Shopping and Mail-Order Houses
Location: New York, NY
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AYR Inc is a corporation located at 199 Lafayette St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $218,757.00 in February, 2021.
The company has reported itself as an Asian female owned business, and employed at least seven people during the applicable loan loan period.
$
PPP Loan Information
Loan #4808028509
Loan Size:
Jobs Retained:
7Loan Approved:
2021-02-26Loan Status:
Paid in Full or ForgivenLender:
Silicon Valley BankAYR Inc in New York, NY received a Paycheck Protection Loan of $218,757 through Silicon Valley 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 April, 2022.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 7 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 11. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, AYR Inc's 2019 payroll expenses are estimated to be at least $1.05M (not accounting for salary amounts > $100k).
Because the 7 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, AYR Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $218,755
- Utilities: $1
Business Information - AYR Inc in New York, NY
199 Lafayette St
New York, NY 10012
Business Industry:
Electronic Shopping and Mail-Order Houses
NAICS code 454110
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
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 2 other businesses that received a PPP loan registered to the same address as AYR Inc.
Veracity Real Estate Management Inc
Other Activities Related to Real Estate
153 Elizabeth Hotel LLC
Hotels (except Casino Hotels) and Motels
Similar Companies near New York
In the New York area, 32 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 7) and received an average PPP loan of $578,529 (compared to this company's $218,757).
Similar Nearby Businesses Who Received PPP Funding:
House Of Fluff Inc
New York, NY
Adafruit Industries LLC
New York, NY
10 Grove LLC
New York, NY
Vast Art Group LLC
New York, NY
Barkbox, Inc
New York, NY
Plant People, Inc
New York, NY
Zero Flakes Given, LLC
New York, NY
Metropolitan Pavilion
New York, NY
Industry PPP Comparison Statistics
Nationwide, 21,853 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $938.4M 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 4 employees, 43% lower than AYR Inc's reported 7 employees, and received an average PPP loan of $42,942, 80% lower than this company's loan of $218,757.
AYR, Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: New York, NY
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AYR, Inc is a corporation located at 648 Broadway in New York, New York that received a Coronavirus-related PPP loan from the SBA of $226,794.00 in April, 2020.
The company has reported itself as an Asian owned business, and employed at least eleven people during the applicable loan loan period.
$
PPP Loan Information
Loan #1686847204
Loan Size:
Jobs Retained:
11Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Silicon Valley BankAYR, Inc in New York, NY received a Paycheck Protection Loan of $226,794 through Silicon Valley 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 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 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, AYR, Inc's 2019 payroll expenses are estimated to be at least $1.09M.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $98,965 per employee1
Reported PPP Proceed Usage:
On the PPP application, AYR, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $226,794
Business Information - AYR, Inc in New York, NY
648 Broadway
New York, NY 10012
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
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 2 other businesses that received a PPP loan registered to the same address as AYR, Inc.
Spectacle TV
Specialized Freight (except Used Goods) Trucking, Local
Franmar Infants Wear Inc
Lessors of Nonresidential Buildings (except Miniwarehouses)
Similar Companies near New York
In the New York area, 115 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 11) and received an average PPP loan of $199,065 (compared to this company's $226,794).
Similar Nearby Businesses Who Received PPP Funding:
Vidmob, Inc
New York, NY
Odeko Inc
New York, NY
Sopost Inc
New York, NY
Psyinnovations Inc
New York, NY
Volkman Video, Inc
New York, NY
Symbiont.io Inc
New York, NY
Kevin Li
New York, NY
Six Plus One, Inc
New York, NY
Brand Ux Corp
New York, NY
Industry PPP Comparison Statistics
Nationwide, 42,869 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B 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 10 employees, 9% lower than AYR, Inc's reported 11 employees, and received an average PPP loan of $155,041, 32% lower than this company's loan of $226,794.
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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