PPP Loan Data — Brooklyn Navy Yard Development Corporation, Brooklyn, NY
Brooklyn Navy Yard Development Corporation is a non-profit organization located at 141 Flushing Ave, Suite 801 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,946,240.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Brooklyn Navy Yard Development Corporation received a Paycheck Protection Loan of $3.95M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Brooklyn Navy Yard Development Corporation's total 2019 payroll expenses were approximately $18.94M in order to qualify for the PPP loan amount received.
Based on their reported 434 jobs retained, this equals an estimated average yearly compensation of $43,645 per employee1.
Business Information - Brooklyn Navy Yard Development Corporation in Brooklyn, NY
141 Flushing Ave, Suite 801
Brooklyn, NY 11205
Land Subdivision (NAICS code 237210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-07
Similar Companies near Brooklyn
In the Brooklyn area, 6 businesses in the "Land Subdivision" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 434) and received an average PPP loan of $778,740 (compared to this company's $3.95M).
Similar Nearby Businesses Who Received PPP Funding:
Cipco Developers Of NY Inc
B&B Global Development Corp.
Adar Land & Tree Abstract Inc
All Year Management NY Inc
M&Y Developers Inc
Industry PPP Comparison Statistics
Nationwide, 3,472 businesses in the "Land Subdivision" industry received a total of $375,266,179.00 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 9 employees, 98% lower than Brooklyn Navy Yard Development Corporation's reported 434 employees, and received an average PPP loan of $108,084, 97% lower than this company's loan of $3.95M.
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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