PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hamlyn Williams Inc, New York, NY

ALERT: There are 2 PPP loans for a total of $4.12M in our database for businesses with the name "Hamlyn Williams Inc" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hamlyn Williams Inc
NY

Hamlyn Williams Inc

Entity: Corporation

Industry: Employment Placement Agencies

Location: New York, NY

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Hamlyn Williams Inc is a corporation located at 123 William St Fl 23 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least 160 people during the applicable loan loan period.

$ PPP Loan Information Loan #8613168601

Loan Size:

$2M
PPP Funds Undisbursed

Jobs Retained:

160

Loan Approved:

2021-03-25

Loan Status:

Active Un-Disbursed

Lender:

HSBC Bank USA, National Association

Hamlyn Williams Inc in New York, NY received a Paycheck Protection Loan of $2M through HSBC Bank USA, National Association, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

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 More
Understanding 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 More

Based 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, Hamlyn Williams Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hamlyn Williams Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Hamlyn Williams Inc 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 - Hamlyn Williams Inc in New York, NY

Hamlyn Williams Inc
123 William St Fl 23
New York, NY 10038

Business Industry:
Employment Placement Agencies
NAICS code 561311

Business Owner Demographics

Race: White

Ethnicity: Unreported

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

New York County, NY — SBA Office 0202 — Congressional District: NY-10

Similar Companies near New York

In the New York area, 3 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 160) and received an average PPP loan of $869,926 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 11,537 businesses in the "Employment Placement Agencies" industry received a total of $3,368,603,266.00 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 37 employees, 77% lower than Hamlyn Williams Inc's reported 160 employees, and received an average PPP loan of $291,983, 85% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Hamlyn Williams Inc
NY

Hamlyn Williams Inc

Entity: Corporation

Industry: Human Resources Consulting Services

Location: New York, NY

Search All PPP Data

Hamlyn Williams Inc is a corporation located at 80 Broad St Ste 302 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,117,665.00 in April, 2020.

$ PPP Loan Information Loan #3137417309

Loan Size:

$2.12M

Jobs Retained:

160

Loan Approved:

2020-04-29

Loan Status:

Ongoing Loan

Lender:

HSBC Bank USA, National Association

Hamlyn Williams Inc in New York, NY received a Paycheck Protection Loan of $2.12M through HSBC Bank USA, 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 More
Understanding 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 More

Based 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, Hamlyn Williams Inc's 2019 payroll expenses are estimated to be at least $10.16M.

Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $63,530 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hamlyn Williams Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,117,665
Because the loan received by Hamlyn Williams Inc 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 - Hamlyn Williams Inc in New York, NY

Hamlyn Williams Inc
80 Broad St Ste 302
New York, NY 10004

Business Industry:
Human Resources Consulting Services
NAICS code 541612

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-10

Similar Companies near New York

In the New York area, 27 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 160) and received an average PPP loan of $303,186 (compared to this company's $2.12M).

Industry PPP Comparison Statistics

Nationwide, 8,206 businesses in the "Human Resources Consulting Services" industry received a total of $793,955,697.00 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 9 employees, 94% lower than Hamlyn Williams Inc's reported 160 employees, and received an average PPP loan of $96,753, 95% lower than this company's loan of $2.12M.

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.

Search FederalPay's Full PPP Loan Database

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