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

PPP Loan Data — Evelyn Hill Inc, New York, NY

ALERT: There are 2 PPP loans for a total of $3.36M in our database for businesses with the name "Evelyn Hill Inc" 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 Evelyn Hill Inc
NY

Evelyn Hill Inc

Entity: Corporation

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: New York, NY

Search All PPP Data

Evelyn Hill Inc is a corporation located at 1 Liberty Is in New York, New York that received a Coronavirus-related PPP loan from the SBA of $1,846,435.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least 140 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9425418503

Loan Size:

$1.85M

Jobs Retained:

140

Loan Approved:

2021-03-12

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Evelyn Hill Inc in New York, NY received a Paycheck Protection Loan of $1.85M through Bank of America, National Association, 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 December, 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 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, Evelyn Hill Inc's 2019 payroll expenses are estimated to be at least $8.86M.

Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $63,306 per employee1

Reported PPP Proceed Usage:

On the PPP application, Evelyn Hill Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,846,430
  • Utilities: $1

Business Information - Evelyn Hill Inc in New York, NY

Evelyn Hill Inc
1 Liberty Is
New York, NY 10004

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

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

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

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Evelyn Hill Inc.

Evelyn Hill Corporation
Gift, Novelty, and Souvenir Stores

$37,690 PPP Loan

Similar Companies near New York

In the New York area, 75 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 140) and received an average PPP loan of $154,349 (compared to this company's $1.85M).

Industry PPP Comparison Statistics

Nationwide, 146,317 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.11B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 97% lower than Evelyn Hill Inc's reported 140 employees, and received an average PPP loan of $34,921, 98% lower than this company's loan of $1.85M.

SBA PPP loan data, payroll data, and salaries for Evelyn Hill Inc
NY

Evelyn Hill Inc

Entity: Corporation

Industry: Gift, Novelty, and Souvenir Stores

Location: New York, NY

Search All PPP Data

Evelyn Hill Inc is a corporation located at 1 Liberty Island in New York, New York that received a Coronavirus-related PPP loan from the SBA of $1,513,518.00 in May, 2020.

The company has reported itself as a White male owned business, and employed at least 135 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9806107305

Loan Size:

$1.51M

Jobs Retained:

135

Loan Approved:

2020-05-03

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Evelyn Hill Inc in New York, NY received a Paycheck Protection Loan of $1.51M through Bank of America, National Association, 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 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 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, Evelyn Hill Inc's 2019 payroll expenses are estimated to be at least $7.26M.

Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $53,814 per employee1

Reported PPP Proceed Usage:

On the PPP application, Evelyn Hill Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,513,518

Business Information - Evelyn Hill Inc in New York, NY

Evelyn Hill Inc
1 Liberty Island
New York, NY 10004

Business Industry:
Gift, Novelty, and Souvenir Stores
NAICS code 453220

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

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

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

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Evelyn Hill Inc.

Evelyn Hill Icorporation
Gift, Novelty, and Souvenir Stores

$36,700 PPP Loan

Similar Companies near New York

In the New York area, 15 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 135) and received an average PPP loan of $154,625 (compared to this company's $1.51M).

Industry PPP Comparison Statistics

Nationwide, 17,151 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $569.9M 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 6 employees, 96% lower than Evelyn Hill Inc's reported 135 employees, and received an average PPP loan of $33,228, 98% lower than this company's loan of $1.51M.

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.


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Source: www.federalpay.org/paycheck-protection-program/evelyn-hill-inc-new-york-ny