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PPP Loan Data — Framestore Inc,
New York, NY
Framestore Inc
Entity: Corporation
Industry: Motion Picture and Video Production
Location: New York, NY
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Framestore Inc is a corporation located at 61 Broadway in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,592,309.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
270Loan Approved:
2020-04-08Lender:
CITY NATIONAL BANKFramestore Inc received a Paycheck Protection Loan of $5.59M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Framestore Inc's total 2019 payroll expenses were approximately $26.84M in order to qualify for the PPP loan amount received.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $99,419 per employee1.
Business Information - Framestore Inc in New York, NY
61 Broadway
New York, NY 10006
Business Industry
Motion Picture and Video Production (NAICS code 512110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 13 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 270) and received an average PPP loan of $484,687 (compared to this company's $5.59M).
Similar Nearby Businesses Who Received PPP Funding:
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IRI In NY Inc
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Jacqueline B. Ochs
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Bungalow Media & Entertainment LLC
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TEL-Networks USA, LLC
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Dato Ai Technology Corporation
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Nbtv, Inc.
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Industry PPP Comparison Statistics
Nationwide, 12,751 businesses in the "Motion Picture and Video Production" industry received a total of $753,529,815.00 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 5 employees, 98% lower than Framestore Inc's reported 270 employees, and received an average PPP loan of $59,096, 99% lower than this company's loan of $5.59M.
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.
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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