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PPP Loan Data — Giant Spoon LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for Giant Spoon LLC
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:

$4.15M

Jobs Retained:

215

Loan Approved:

2020-04-12

Lender:

FIRST REPUBLIC BANK

Giant 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.

Because the loan received by Giant Spoon LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Giant Spoon LLC in New York, NY

Giant Spoon LLC
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-10

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/giant-spoon-llc-new-york-ny