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PPP Loan Data — Giant Spoon LLC,
New York, NY
Giant Spoon LLC
Entity: Limited Liability Company (LLC)
Industry: Advertising Agencies
Location: New York, NY
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Giant Spoon LLC is a limited liability company (LLC) located at 44 Wall St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,146,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 215 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
215Loan Approved:
2020-04-12Lender:
FIRST REPUBLIC BANKGiant Spoon LLC received a Paycheck Protection Loan of $4.15M through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Giant Spoon LLC's total 2019 payroll expenses were approximately $19.9M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $92,562 per employee1.
Business Information - Giant Spoon LLC in New York, NY
44 Wall St
New York, NY 10005
Business Industry
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NY-10Similar Companies near New York
In the New York area, 24 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 215) and received an average PPP loan of $656,276 (compared to this company's $4.15M).
Similar Nearby Businesses Who Received PPP Funding:
Boldstreak, Inc.
New York, NY
Loyalkaspar, Inc.
New York, NY
Squat Design
New York, NY
Meanpug, LLC
New York, NY
AD Infinitum, Inc
New York, NY
Newman Moran LLC
New York, NY
OBM Group, Inc
New York, NY
Business Development Institute LLC
New York, NY
Bold Worldwide, Inc.
New York, NY
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 96% lower than Giant Spoon LLC's reported 215 employees, and received an average PPP loan of $126,253, 97% lower than this company's loan of $4.15M.
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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