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PPP Loan Data — Concordia Summit Inc,
New York, NY
Concordia Summit Inc
Entity: Non-profit Organization
Industry: Other Social Advocacy Organizations
Location: New York, NY
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Concordia Summit Inc is a non-profit organization located at 404 5th Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $185,622.00 in March, 2021.
$
PPP Loan Information
Loan #3583918705
Loan Size:
Jobs Retained:
15Loan Approved:
2021-03-31Loan Status:
Paid in Full or ForgivenLender:
Cross River BankConcordia Summit Inc in New York, NY received a Paycheck Protection Loan of $185,622 through Cross River Bank, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2022.
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, Concordia Summit Inc's 2019 payroll expenses are estimated to be at least $890,986.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $59,399 per employee1
Reported PPP Proceed Usage:
On the PPP application, Concordia Summit Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $185,622
Business Information - Concordia Summit Inc in New York, NY
404 5th Ave
New York, NY 10018
Business Industry:
Other Social Advocacy Organizations
NAICS code 813319
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
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Concordia Summit Inc.
Ascent Conference LLC
Convention and Trade Show Organizers
Medijobs Inc
Employment Placement Agencies
Exceed Network
Business Associations
Tarsier Capital Management LLC
Convention and Trade Show Organizers
Stonemar Realty Management LLC
Other Activities Related to Real Estate
The Reach Institute: Resource For Advancing Children's Healt
Professional and Management Development Training
Principal Search International
Executive Search Services
Eastwest Marketing Group LLC
Marketing Consulting Services
Similar Companies near New York
In the New York area, 62 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 15) and received an average PPP loan of $376,924 (compared to this company's $185,622).
Similar Nearby Businesses Who Received PPP Funding:
New York Council On Adoptable Children
New York, NY
Turkish Cultural Center
New York, NY
International Peace Institute Inc
New York, NY
Acani Inc
New York, NY
Ellis Island Honors Society
New York, NY
New York Jewish Agenda Inc
New York, NY
National Advocates For Pregnant Women, Inc
New York, NY
Cicatelli Associates, Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 9,844 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 7% higher than Concordia Summit Inc's reported 15 employees, and received an average PPP loan of $145,144, 22% lower than this company's loan of $185,622.
Concordia Summit, Inc
Entity: Non-profit Organization
Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)
Location: New York, NY
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Concordia Summit, Inc is a non-profit organization located at 404 Fifth Ave 7th Fl in New York, New York that received a Coronavirus-related PPP loan from the SBA of $190,706.00 in April, 2020.
$
PPP Loan Information
Loan #4998707309
Loan Size:
Jobs Retained:
17Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
Cross River BankConcordia Summit, Inc in New York, NY received a Paycheck Protection Loan of $190,706 through Cross River Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Concordia Summit, Inc's 2019 payroll expenses are estimated to be at least $915,389.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $53,846 per employee1
Reported PPP Proceed Usage:
On the PPP application, Concordia Summit, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $190,706
Business Information - Concordia Summit, Inc in New York, NY
404 Fifth Ave 7th Fl
New York, NY 10018
Business Industry:
Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)
NAICS code 813990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 54 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 17) and received an average PPP loan of $180,569 (compared to this company's $190,706).
Similar Nearby Businesses Who Received PPP Funding:
The Korea Society
New York, NY
Majestic Growth Management LLC
New York, NY
155 East 49Th Street Corporation
New York, NY
924 West End Avenue Inc
New York, NY
Sarah Seven, Inc
New York, NY
10 East End Ave. Owners Inc
New York, NY
Collect Pond House Inc
New York, NY
190 East 72Nd Corp
New York, NY
Artemisia Management LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 8,711 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $670.12M 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, 47% lower than Concordia Summit, Inc's reported 17 employees, and received an average PPP loan of $76,928, 60% lower than this company's loan of $190,706.
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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