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PPP Loan Data — Go New York Tours Inc,
New York, NY
Go New York Tours Inc
Entity: Corporation
Industry: Scenic and Sightseeing Transportation, Land
Location: New York, NY
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Go New York Tours Inc is a corporation located at 2 E 42nd St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $1,855,400.00 in April, 2021.
The company has reported itself as a White male owned business, and employed at least 197 people during the applicable loan loan period.
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PPP Loan Information
Loan #6369568710
Loan Size:
Jobs Retained:
197Loan Approved:
2021-04-03Loan Status:
Ongoing LoanLender:
PNC Bank, National AssociationGo New York Tours Inc in New York, NY received a Paycheck Protection Loan of $1.86M through PNC Bank, National Association, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Go New York Tours Inc's 2019 payroll expenses are estimated to be at least $8.91M.
Based on their reported 197 jobs retained, this equals an estimated average yearly compensation of $45,208 per employee1
Reported PPP Proceed Usage:
On the PPP application, Go New York Tours Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,855,396
- Utilities: $1
Business Information - Go New York Tours Inc in New York, NY
2 E 42nd St
New York, NY 10017
Business Industry:
Scenic and Sightseeing Transportation, Land
NAICS code 487110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Go New York Tours Inc.
Tobiloba Adetunji
All Other Traveler Accommodation
New York Water Tours Inc
Scenic and Sightseeing Transportation, Water
A S K Standard Transit Corp
All Other Support Activities for Transportation
Similar Companies near New York
In the New York area, 2 businesses in the "Scenic and Sightseeing Transportation, Land" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 197) and received an average PPP loan of $987,350 (compared to this company's $1.86M).
Similar Nearby Businesses Who Received PPP Funding:
The Ride LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 1,939 businesses in the "Scenic and Sightseeing Transportation, Land" industry received a total of $114.33M 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 9 employees, 95% lower than Go New York Tours Inc's reported 197 employees, and received an average PPP loan of $58,964, 97% lower than this company's loan of $1.86M.
Go New York Tours Inc
Entity: Corporation
Industry: Tour Operators
Location: New York, NY
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Go New York Tours Inc is a corporation located at 2 E 42nd St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,955,622.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 208 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8040147002
Loan Size:
Jobs Retained:
208Loan Approved:
2020-04-08Loan Status:
Ongoing LoanLender:
PNC Bank, National AssociationGo New York Tours Inc in New York, NY received a Paycheck Protection Loan of $3.96M through PNC Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Go New York Tours Inc's 2019 payroll expenses are estimated to be at least $18.99M.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $91,284 per employee1
Reported PPP Proceed Usage:
On the PPP application, Go New York Tours Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,966,717
- Utilities: $494,453
- Mortgage Interest: $494,452
Business Information - Go New York Tours Inc in New York, NY
2 E 42nd St
New York, NY 10017
Business Industry:
Tour Operators
NAICS code 561520
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Go New York Tours Inc.
Tobiloba Adetunji
All Other Traveler Accommodation
New York Water Tours Inc
Scenic and Sightseeing Transportation, Water
A S K Standard Transit Corp
All Other Support Activities for Transportation
Similar Companies near New York
In the New York area, 22 businesses in the "Tour Operators" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 208) and received an average PPP loan of $354,691 (compared to this company's $3.96M).
Similar Nearby Businesses Who Received PPP Funding:
Authentic Sicily LLC
New York, NY
DAR El Salam Import-Export-Travel, Inc
New York, NY
M & W Inbound USA Inc
New York, NY
Sightseeing Pass LLC
New York, NY
Arrangements Abroad Inc
New York, NY
Beetle Express Inc
New York, NY
SET New York Inc
New York, NY
Consolidated Tours Inc
New York, NY
Five A Incentive Planners Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 5,386 businesses in the "Tour Operators" industry received a total of $298.96M 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 7 employees, 97% lower than Go New York Tours Inc's reported 208 employees, and received an average PPP loan of $55,508, 99% lower than this company's loan of $3.96M.
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. 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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