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PPP Loan Data — City Harvest, Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for City Harvest, Inc.
NY Nonprofit Organization

City Harvest, Inc.

Entity: Non-profit Organization

Industry: Community Food Services

Location: New York, NY

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City Harvest, Inc. is a non-profit organization located at 6 E 32nd Street, 5th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,904,154.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.9M

Jobs Retained:

162

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

City Harvest, Inc. in New York, NY received a Paycheck Protection Loan of $2.9M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, City Harvest, Inc.'s total 2019 payroll expenses were approximately $13.94M in order to qualify for the PPP loan amount received.

Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $86,049 per employee1.

Because the loan received by City Harvest, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - City Harvest, Inc. in New York, NY

City Harvest, Inc.
6 E 32nd Street, 5th Floor
New York, NY 10016

Business Industry

Community Food Services (NAICS code 624210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 3 businesses in the "Community Food Services" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 162) and received an average PPP loan of $1,176,052 (compared to this company's $2.9M).

Industry PPP Comparison Statistics

Nationwide, 1,806 businesses in the "Community Food Services" industry received a total of $227,454,959.00 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 15 employees, 91% lower than City Harvest, Inc.'s reported 162 employees, and received an average PPP loan of $125,944, 96% lower than this company's loan of $2.9M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/city-harvest-inc-new-york-ny