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PPP Loan Data — B.i.g. Architecture DPC,
Brooklyn, NY
B.i.g. Architecture DPC
Entity: Corporation
Industry: Architectural Services
Location: Brooklyn, NY
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B.i.g. Architecture DPC is a corporation located at 45 Main St Fl 900 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #7146018401
Loan Size:
Jobs Retained:
161Loan Approved:
2021-02-11Loan Status:
Active Un-DisbursedLender:
Signature BankB.i.g. Architecture DPC in Brooklyn, NY received a Paycheck Protection Loan of $2M through Signature Bank, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 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, B.i.g. Architecture DPC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $59,627 per employee1
Reported PPP Proceed Usage:
On the PPP application, B.i.g. Architecture DPC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - B.i.g. Architecture DPC in Brooklyn, NY
45 Main St Fl 900
Brooklyn, NY 11201
Business Industry:
Architectural Services
NAICS code 541310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 123 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 161) and received an average PPP loan of $119,928 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Efficiency Lab For Architecture PLLC
Brooklyn, NY
Michael Sheridan
Brooklyn, NY
Hawkins Roman Architects PLLC
Brooklyn, NY
Front Inc
Brooklyn, NY
Dean Landon Young
Brooklyn, NY
Lubrano Ciavarra Architects PLLC
Brooklyn, NY
Stageberg Architecture, PLLC
Brooklyn, NY
Catherine Brophy LLC
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 28,452 businesses in the "Architectural Services" industry received a total of $3.74B 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 9 employees, 94% lower than B.i.g. Architecture DPC's reported 161 employees, and received an average PPP loan of $131,502, 93% lower than this company's loan of $2M.
B.i.g. Architecture DPC
Entity: Corporation
Industry: Architectural Services
Location: Brooklyn, NY
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B.i.g. Architecture DPC is a corporation located at 45 Main Street, Suite 900 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,235,648.00 in April, 2020.
$
PPP Loan Information
Loan #5797917104
Loan Size:
Jobs Retained:
181Loan Approved:
2020-04-14Loan Status:
Ongoing LoanLender:
Signature BankB.i.g. Architecture DPC in Brooklyn, NY received a Paycheck Protection Loan of $3.24M through Signature Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, B.i.g. Architecture DPC's 2019 payroll expenses are estimated to be at least $15.53M.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $85,807 per employee1
Reported PPP Proceed Usage:
On the PPP application, B.i.g. Architecture DPC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,235,648
Business Information - B.i.g. Architecture DPC in Brooklyn, NY
45 Main Street, Suite 900
Brooklyn, NY 11201
Business Industry:
Architectural Services
NAICS code 541310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 123 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 181) and received an average PPP loan of $119,928 (compared to this company's $3.24M).
Similar Nearby Businesses Who Received PPP Funding:
Efficiency Lab For Architecture PLLC
Brooklyn, NY
Michael Sheridan
Brooklyn, NY
Hawkins Roman Architects PLLC
Brooklyn, NY
Front Inc
Brooklyn, NY
Dean Landon Young
Brooklyn, NY
Lubrano Ciavarra Architects PLLC
Brooklyn, NY
Stageberg Architecture, PLLC
Brooklyn, NY
Catherine Brophy LLC
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 28,452 businesses in the "Architectural Services" industry received a total of $3.74B 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 9 employees, 95% lower than B.i.g. Architecture DPC's reported 181 employees, and received an average PPP loan of $131,502, 96% lower than this company's loan of $3.24M.
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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