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PPP Loan Data — Baha Industries Corp,
New York, NY
Baha Industries Corp
Entity: Subchapter S Corporation
Industry: Data Processing, Hosting, and Related Services
Location: New York, NY
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Baha Industries Corp is a subchapter s corporation located at 469 7th Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,320,862.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
300Loan Approved:
2020-04-28Lender:
HSBC BANK USA, NATIONAL ASSOCIATIONBaha Industries Corp received a Paycheck Protection Loan of $5.32M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Baha Industries Corp's total 2019 payroll expenses were approximately $25.54M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $85,134 per employee1.
Business Information - Baha Industries Corp in New York, NY
469 7th Ave
New York, NY 10018
Business Industry
Data Processing, Hosting, and Related Services (NAICS code 518210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 31 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 300) and received an average PPP loan of $633,302 (compared to this company's $5.32M).
Similar Nearby Businesses Who Received PPP Funding:
RSG Media Systems, LLC
New York, NY
Holler Technologies, Inc.
New York, NY
Helixa Inc
Manhattan, NY
Newtonx, Inc.
New York, NY
Travel Tripper LLC
New York, NY
TV Squared Inc
New York, NY
Building Intelligence Inc.
New York, NY
Ventucom LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 5,879 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1,161,307,675.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 96% lower than Baha Industries Corp's reported 300 employees, and received an average PPP loan of $197,535, 96% lower than this company's loan of $5.32M.
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.
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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