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

PPP Loan Data — Fine & Rare Operations LLC, New York, NY

ALERT: There are 2 PPP loans for a total of $986,989 in our database for businesses with the name "Fine & Rare Operations LLC" 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 Fine & Rare Operations LLC
NY

Fine & Rare Operations LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: New York, NY

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Fine & Rare Operations LLC is a limited liability company (LLC) located at 37 W 26th St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $575,744.00 in February, 2021.

$ PPP Loan Information
Loan #9858168408

Loan Size:

$575,744

Jobs Retained:

35

Loan Approved:

2021-02-18

Loan Status:

Paid in Full or Forgiven

Lender:

Signature Bank

Fine & Rare Operations LLC in New York, NY received a Paycheck Protection Loan of $575,744 through Signature Bank, 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 February, 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, Fine & Rare Operations LLC's 2019 payroll expenses are estimated to be at least $2.76M.

Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $78,959 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fine & Rare Operations LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $575,738
  • Utilities: $1

Business Information - Fine & Rare Operations LLC in New York, NY

Fine & Rare Operations LLC
37 W 26th St
New York, NY 10010

Business Industry:
Full-Service Restaurants
NAICS code 722511

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

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as Fine & Rare Operations LLC.

Patrick Martinez Stal
Florists

$13,471 PPP Loan

Flatiron Room Operations LLC
Full-Service Restaurants

$359,178 PPP Loan

New Alternatives For Children, Inc
Child and Youth Services

$3.35M PPP Loan

Similar Companies near New York

In the New York area, 425 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 35) and received an average PPP loan of $334,625 (compared to this company's $575,744).

Industry PPP Comparison Statistics

Nationwide, 326,447 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 37% lower than Fine & Rare Operations LLC's reported 35 employees, and received an average PPP loan of $130,221, 77% lower than this company's loan of $575,744.

SBA PPP loan data, payroll data, and salaries for Fine & Rare Operations LLC
NY

Fine & Rare Operations LLC

Entity: Limited Liability Company (LLC)

Industry: Wineries

Location: New York, NY

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Fine & Rare Operations LLC is a limited liability company (LLC) located at 9 East 37th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $411,245.00 in April, 2020.

$ PPP Loan Information
Loan #1734287306

Loan Size:

$411,245

Jobs Retained:

35

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

American Express National Bank

Fine & Rare Operations LLC in New York, NY received a Paycheck Protection Loan of $411,245 through American Express National Bank, 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 January, 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 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, Fine & Rare Operations LLC's 2019 payroll expenses are estimated to be at least $1.97M.

Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $56,399 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fine & Rare Operations LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $308,434
  • Rent: $102,811

Business Information - Fine & Rare Operations LLC in New York, NY

Fine & Rare Operations LLC
9 East 37th Street
New York, NY 10016

Business Industry:
Wineries
NAICS code 312130

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

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 6 businesses in the "Wineries" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 35) and received an average PPP loan of $106,191 (compared to this company's $411,245).

Industry PPP Comparison Statistics

Nationwide, 5,387 businesses in the "Wineries" industry received a total of $559.61M 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 13 employees, 63% lower than Fine & Rare Operations LLC's reported 35 employees, and received an average PPP loan of $103,882, 75% lower than this company's loan of $411,245.

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/fine-rare-operations-llc-new-york-ny