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PPP Loan Data — Baron Francois Limited, New York, NY

SBA PPP loan data, payroll data, and salaries for Baron Francois Limited
NY

Baron Francois Limited

Entity: Limited Liability Company (LLC)

Industry: Wine and Distilled Alcoholic Beverage Merchant Wholesalers

Location: New York, NY

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Baron Francois Limited is a limited liability company (LLC) located at 11 Hanover Sq Ste, 13 Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $324,910.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$324,910

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-27

Lender:

INTERAUDI BANK

Baron Francois Limited received a Paycheck Protection Loan of $324,910 through INTERAUDI BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Baron Francois Limited's total 2019 payroll expenses were approximately $1.56M in order to qualify for the PPP loan amount received.

Unlike most businesses, Baron Francois Limited's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Baron Francois Limited in New York, NY

Baron Francois Limited
11 Hanover Sq Ste, 13 Floor
New York, NY 10005

Business Industry

Wine and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS code 424820)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 7 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 0) and received an average PPP loan of $726,665 (compared to this company's $324,910).

Industry PPP Comparison Statistics

Nationwide, 2,169 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $385,965,966.00 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 14 employees, and received an average PPP loan of $177,947, 45% lower than this company's loan of $324,910.

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.

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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/baron-francois-limited-new-york-ny