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PPP Loan Data — E.S. Originals, Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for E.S. Originals, Inc.
NY

E.S. Originals, Inc.

Entity: Subchapter S Corporation

Industry: Footwear Manufacturing

Location: New York, NY

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E.S. Originals, Inc. is a subchapter s corporation located at 440 Ninth Avenue, 7th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,409,080.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.41M

Jobs Retained:

193

Loan Approved:

2020-04-11

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

E.S. Originals, Inc. received a Paycheck Protection Loan of $3.41M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, E.S. Originals, Inc.'s total 2019 payroll expenses were approximately $16.36M in order to qualify for the PPP loan amount received.

Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $84,785 per employee1.

Because the loan received by E.S. Originals, 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 - E.S. Originals, Inc. in New York, NY

E.S. Originals, Inc.
440 Ninth Avenue, 7th Floor
New York, NY 10001

Business Industry

Footwear Manufacturing (NAICS code 316210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 2 businesses in the "Footwear Manufacturing" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 193) and received an average PPP loan of $1,710,627 (compared to this company's $3.41M).

Similar Nearby Businesses Who Received PPP Funding:

Apex North America, Inc.
New York, NY

$12,174 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 309 businesses in the "Footwear Manufacturing" industry received a total of $61,306,957.00 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 17 employees, 91% lower than E.S. Originals, Inc.'s reported 193 employees, and received an average PPP loan of $198,404, 94% lower than this company's loan of $3.41M.

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.

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/es-originals-inc-new-york-ny