PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Comint Apparel Group LLC, New York, NY

ALERT: There are 2 PPP loans for a total of $540,575 in our database for businesses with the name "Comint Apparel Group LLC" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Comint Apparel Group LLC
NY

Comint Apparel Group LLC

Entity: Limited Liability Company (LLC)

Industry: Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

Location: New York, NY

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Comint Apparel Group LLC is a limited liability company (LLC) located at 463 Fashion Ave Rm 1105 Fl 11 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $270,565.00 in March, 2021.

$ PPP Loan Information
Loan #6567968506

Loan Size:

$270,565

Jobs Retained:

8

Loan Approved:

2021-03-04

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association
Likely Employment Reduction3

Comint Apparel Group LLC in New York, NY received a Paycheck Protection Loan of $270,565 through JPMorgan Chase Bank, National Association, which was approved in March, 2021.

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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 8 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 13. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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 More
Understanding 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 More

Based 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, Comint Apparel Group LLC's 2019 payroll expenses are estimated to be at least $1.3M (not accounting for salary amounts > $100k).

Because the 8 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Comint Apparel Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $270,563
  • Utilities: $1

Business Information - Comint Apparel Group LLC in New York, NY

Comint Apparel Group LLC
463 Fashion Ave Rm 1105 Fl 11
New York, NY 10018

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

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 455 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 8) and received an average PPP loan of $286,233 (compared to this company's $270,565).

Industry PPP Comparison Statistics

Nationwide, 20,179 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a total of $932.3M 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 4 employees, 50% lower than Comint Apparel Group LLC's reported 8 employees, and received an average PPP loan of $46,202, 83% lower than this company's loan of $270,565.

SBA PPP loan data, payroll data, and salaries for Comint Apparel Group LLC
NY

Comint Apparel Group LLC

Entity: Limited Liability Company (LLC)

Industry: Apparel Accessories and Other Apparel Manufacturing

Location: New York, NY

Search All PPP Data

Comint Apparel Group LLC is a limited liability company (LLC) located at 463 Fashion Ave Fl 11 Ste 1102 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $270,010.00 in April, 2020.

$ PPP Loan Information
Loan #2823127202

Loan Size:

$270,010

Jobs Retained:

12

Loan Approved:

2020-04-16

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association
Likely Employment Reduction3

Comint Apparel Group LLC in New York, NY received a Paycheck Protection Loan of $270,010 through JPMorgan Chase Bank, National Association, 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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 12 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 13. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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 More
Understanding 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 More

Based 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, Comint Apparel Group LLC's 2019 payroll expenses are estimated to be at least $1.3M (not accounting for salary amounts > $100k).

Because the 12 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Comint Apparel Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $176,235
  • Utilities: $5,030
  • Rent: $50,335
  • Health Care: $38,410

Business Information - Comint Apparel Group LLC in New York, NY

Comint Apparel Group LLC
463 Fashion Ave Fl 11 Ste 1102
New York, NY 10018

Business Industry:
Apparel Accessories and Other Apparel Manufacturing
NAICS code 315990

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

New York County, NY — SBA Office 0202 — Congressional District: NY-10

Similar Companies near New York

In the New York area, 147 businesses in the "Apparel Accessories and Other Apparel Manufacturing" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 12) and received an average PPP loan of $160,981 (compared to this company's $270,010).

Industry PPP Comparison Statistics

Nationwide, 9,432 businesses in the "Apparel Accessories and Other Apparel Manufacturing" industry received a total of $580.41M 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 7 employees, 42% lower than Comint Apparel Group LLC's reported 12 employees, and received an average PPP loan of $61,536, 77% lower than this company's loan of $270,010.

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.

Search FederalPay's Full PPP Loan Database

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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/comint-apparel-group-llc-new-york-ny