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PPP Loan Data — Hamilton Executions, LLC,
New York, NY
Hamilton Executions, LLC
Entity: Limited Liability Company (LLC)
Industry: Securities Brokerage
Location: New York, NY
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Hamilton Executions, LLC is a limited liability company (LLC) located at 71 Broadway in New York, New York that received a Coronavirus-related PPP loan from the SBA of $348,950.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seventeen people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
17Loan Approved:
2020-04-16Lender:
MARINE BANK & TRUST COMPANYHamilton Executions, LLC received a Paycheck Protection Loan of $348,950 through MARINE BANK & TRUST COMPANY, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Hamilton Executions, LLC's total 2019 payroll expenses were approximately $1.67M in order to qualify for the PPP loan amount received.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $98,527 per employee1.
Business Information - Hamilton Executions, LLC in New York, NY
71 Broadway
New York, NY 10006
Business Industry
Securities Brokerage (NAICS code 523120)
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, 26 businesses in the "Securities Brokerage" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 17) and received an average PPP loan of $460,821 (compared to this company's $348,950).
Similar Nearby Businesses Who Received PPP Funding:
Bay Crest Partners, LLC
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Drexel Hamilton LLC
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Piuggi Capital LLC
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Stoeverglass And Co, Inc
New York, NY
Divine Capital Markets LLC
New York, NY
Freedom Wellness
New York, NY
PHX Financial, Inc
New York, NY
Oneil Partners, LLC
New York, NY
Eastmore Management LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 3,089 businesses in the "Securities Brokerage" industry received a total of $262,454,625.00 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, 71% lower than Hamilton Executions, LLC's reported 17 employees, and received an average PPP loan of $84,964, 76% lower than this company's loan of $348,950.
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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