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PPP Loan Data — Evensonbest LLC,
New York, NY
Evensonbest LLC
Entity: Limited Liability Company (LLC)
Industry: Furniture Merchant Wholesalers
Location: New York, NY
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Evensonbest LLC is a limited liability company (LLC) located at 641 Avenue Of The Americas in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #5748478408
Loan Size:
Jobs Retained:
222Loan Approved:
2021-02-09Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationEvensonbest LLC in New York, NY received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in February, 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 August, 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, Evensonbest LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $43,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evensonbest LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Evensonbest LLC in New York, NY
641 Avenue Of The Americas
New York, NY 10011
Business Industry:
Furniture Merchant Wholesalers
NAICS code 423210
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
Similar Companies near New York
In the New York area, 16 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 222) and received an average PPP loan of $750,681 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Canopy Vta, LLC
New York, NY
Tri State Office Interiors LLC
New York, NY
West NYC Home Inc
New York, NY
Moroso USA Inc
New York, NY
Arenson Office Furnishings Inc
New York, NY
WHD London Inc
New York, NY
Lazzoni USA Inc
New York, NY
GED USA Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 5,178 businesses in the "Furniture Merchant Wholesalers" industry received a total of $676.83M 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 11 employees, 95% lower than Evensonbest LLC's reported 222 employees, and received an average PPP loan of $130,713, 93% lower than this company's loan of $2M.
Evensonbest LLC
Entity: Limited Liability Company (LLC)
Industry: Furniture Merchant Wholesalers
Location: New York, NY
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•
Search All PPP Data
Evensonbest LLC is a limited liability company (LLC) located at 641 Avenue Of The Americas 0.0 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,371,000.00 in April, 2020.
$
PPP Loan Information
Loan #1743507106
Loan Size:
Jobs Retained:
222Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationEvensonbest LLC in New York, NY received a Paycheck Protection Loan of $4.37M through JPMorgan Chase Bank, National Association, 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 September, 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, Evensonbest LLC's 2019 payroll expenses are estimated to be at least $20.98M.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $94,508 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evensonbest LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,424,000
- Utilities: $23,500
- Rent: $526,500
- Health Care: $317,000
- Debt Interest: $80,000
Business Information - Evensonbest LLC in New York, NY
641 Avenue Of The Americas 0.0
New York, NY 10011
Business Industry:
Furniture Merchant Wholesalers
NAICS code 423210
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
Similar Companies near New York
In the New York area, 16 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 222) and received an average PPP loan of $750,681 (compared to this company's $4.37M).
Similar Nearby Businesses Who Received PPP Funding:
Canopy Vta, LLC
New York, NY
Tri State Office Interiors LLC
New York, NY
West NYC Home Inc
New York, NY
Moroso USA Inc
New York, NY
Arenson Office Furnishings Inc
New York, NY
WHD London Inc
New York, NY
Lazzoni USA Inc
New York, NY
GED USA Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 5,178 businesses in the "Furniture Merchant Wholesalers" industry received a total of $676.83M 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 11 employees, 95% lower than Evensonbest LLC's reported 222 employees, and received an average PPP loan of $130,713, 97% lower than this company's loan of $4.37M.
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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