PPP Loan Data — Famous Horse, Inc., Jamaica, NY
Famous Horse, Inc. is a corporation located at 164-01 Jamaica Avenue in Jamaica, New York that received a Coronavirus-related PPP loan from the SBA of $3,622,335.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Famous Horse, Inc. in Jamaica, NY received a Paycheck Protection Loan of $3.62M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Famous Horse, Inc.'s total 2019 payroll expenses were approximately $17.39M in order to qualify for the PPP loan amount received.
Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $36,375 per employee1.
Business Information - Famous Horse, Inc. in Jamaica, NY
164-01 Jamaica Avenue
Jamaica, NY 11432
Other Clothing Stores (NAICS code 448190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-05
Similar Companies near Jamaica
In the Jamaica area, 4 businesses in the "Other Clothing Stores" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 478) and received an average PPP loan of $914,007 (compared to this company's $3.62M).
Similar Nearby Businesses Who Received PPP Funding:
Jamaica Uniform Center Corp.-Sba Small 7A Term
Sports World 165 Inc
Industry PPP Comparison Statistics
Nationwide, 5,970 businesses in the "Other Clothing Stores" industry received a total of $317,581,503.00 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 7 employees, 99% lower than Famous Horse, Inc.'s reported 478 employees, and received an average PPP loan of $53,196, 99% lower than this company's loan of $3.62M.
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, and is published unmodified, as provided by the SBA.
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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