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PPP Loan Data — Developing Artists Theater Company Inc,
New York, NY
Developing Artists Theater Company Inc
Entity: Corporation
Industry: Child and Youth Services
Location: New York, NY
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Developing Artists Theater Company Inc is a corporation located at 12 5th Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $37,300.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #7225458402
Loan Size:
Jobs Retained:
4Loan Approved:
2021-02-11Loan Status:
Ongoing LoanLender:
Newtek Small Business Finance, Inc.Developing Artists Theater Company Inc in New York, NY received a Paycheck Protection Loan of $37,300 through Newtek Small Business Finance, Inc., which was approved in February, 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.
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, Developing Artists Theater Company Inc's 2019 payroll expenses are estimated to be at least $179,040.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $44,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Developing Artists Theater Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,297
- Utilities: $1
Business Information - Developing Artists Theater Company Inc in New York, NY
12 5th Ave
New York, NY 10011
Business Industry:
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 11 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 4) and received an average PPP loan of $540,334 (compared to this company's $37,300).
Similar Nearby Businesses Who Received PPP Funding:
New Alternatives For Children, Inc
New York, NY
Corlears School
New York, NY
Star Track Cycling, Inc
New York, NY
DO Something Inc
New York, NY
Jennifer Sanclements
New York, NY
The Teak Fellowship, Inc
New York, NY
Nuna C Alberts
New York, NY
Louis August Jonas Foundation Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 14,787 businesses in the "Child and Youth Services" industry received a total of $1.95B 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 18 employees, 350% higher than Developing Artists Theater Company Inc's reported 4 employees, and received an average PPP loan of $131,654, 253% higher than this company's loan of $37,300.
Developing Artists Theater Company, Inc
Entity: Corporation
Industry: Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
Location: New York, NY
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Developing Artists Theater Company, Inc is a corporation located at 12 5th Avenue in New York, New York that received a Coronavirus-related PPP loan from the SBA of $37,300.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #9872227707
Loan Size:
Jobs Retained:
3Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Newtek Small Business Finance, Inc.Developing Artists Theater Company, Inc in New York, NY received a Paycheck Protection Loan of $37,300 through Newtek Small Business Finance, Inc., which was approved in May, 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 March, 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, Developing Artists Theater Company, Inc's 2019 payroll expenses are estimated to be at least $179,040.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $59,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Developing Artists Theater Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,300
Business Information - Developing Artists Theater Company, Inc in New York, NY
12 5th Avenue
New York, NY 10011
Business Industry:
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
NAICS code 711410
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 114 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 3) and received an average PPP loan of $222,356 (compared to this company's $37,300).
Similar Nearby Businesses Who Received PPP Funding:
Artists Rights Society Inc
New York, NY
Raheem Barry
New York, NY
The Collective Shift LLC
New York, NY
Fisher Dachs Associates Inc
New York, NY
Soul LLC
New York, NY
Denise Blate Roederer
New York, NY
In De Goot Entertainment, Inc
New York, NY
Art Resource Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 18,595 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a total of $597.48M 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 3 employees, the same amount reported by Developing Artists Theater Company, Inc and received an average PPP loan of $32,131, 14% lower than this company's loan of $37,300.
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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