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PPP Loan Data — BHS Holdings LLC,
New York, NY
BHS Holdings LLC
Entity: Limited Liability Company (LLC)
Industry: Residential Property Managers
Location: New York, NY
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BHS Holdings LLC is a limited liability company (LLC) located at 770 Lexington Avenue in New York, New York that received a Coronavirus-related PPP loan from the SBA of $8,080,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
483Loan Approved:
2020-04-15Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONBHS Holdings LLC received a Paycheck Protection Loan of $8.08M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, BHS Holdings LLC's total 2019 payroll expenses were approximately $38.78M in order to qualify for the PPP loan amount received.
Based on their reported 483 jobs retained, this equals an estimated average yearly compensation of $80,298 per employee1.
Business Information - BHS Holdings LLC in New York, NY
770 Lexington Avenue
New York, NY 10065
Business Industry
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 7 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 483) and received an average PPP loan of $1,288,713 (compared to this company's $8.08M).
Similar Nearby Businesses Who Received PPP Funding:
C&E Group Inc.
New York, NY
B&L Management Co LLC
New York, NY
HRB Management LLC
New York, NY
47 East 64Th LLC
New York, NY
Friedman Management
New York, NY
176 West 87Th Street Owners Corp
New York, NY
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 98% lower than BHS Holdings LLC's reported 483 employees, and received an average PPP loan of $114,517, 99% lower than this company's loan of $8.08M.
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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