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PPP Loan Data — Ghughes Group Inc.,
Long Island City, NY
Ghughes Group Inc.
Entity: Subchapter S Corporation
Industry: Employment Placement Agencies
Location: Long Island City, NY
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Ghughes Group Inc. is a subchapter s corporation located at 44 02 11th St in Long Island City, New York that received a Coronavirus-related PPP loan from the SBA of $43,837.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
4Loan Approved:
2020-04-28Lender:
BETHPAGE FCUGhughes Group Inc. received a Paycheck Protection Loan of $43,837 through BETHPAGE FCU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ghughes Group Inc.'s total 2019 payroll expenses were approximately $210,418 in order to qualify for the PPP loan amount received.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $52,605 per employee1.
Business Information - Ghughes Group Inc. in Long Island City, NY
44 02 11th St
Long Island City, NY 11101
Business Industry
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near Long Island City
In the Long Island City area, 8 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 4) and received an average PPP loan of $563,371 (compared to this company's $43,837).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 850% higher than Ghughes Group Inc.'s reported 4 employees, and received an average PPP loan of $363,100, 728% higher than this company's loan of $43,837.
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. 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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