PPP Loan Data — Easy Pickins Inc, New York, NY
Easy Pickins Inc is a corporation located at 450 Fashion Ave Ste 701 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $1,776,622.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Valley National Bank
Easy Pickins Inc in New York, NY received a Paycheck Protection Loan of $1.78M through Valley National Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Easy Pickins Inc's 2019 payroll expenses are estimated to be at least $8.53M.
Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $30,134 per employee1
Reported PPP Proceed Usage:
On the PPP application, Easy Pickins Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,776,621
Business Information - Easy Pickins Inc in New York, NY
450 Fashion Ave Ste 701
New York, NY 10123
Women's Clothing Stores
NAICS code 448120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 2 businesses in the "Women's Clothing Stores" industry received a PPP loan. These local businesses reported an average of 316 employees (compared to this company's 283) and received an average PPP loan of $1,742,417 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Easy Pickens Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 43,984 businesses in the "Women's Clothing Stores" industry received a total of $1.11B 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, 99% lower than Easy Pickins Inc's reported 283 employees, and received an average PPP loan of $25,247, 99% lower than this company's loan of $1.78M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!