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PPP Loan Data — HLW International LLP,
New York, NY
HLW International LLP
Entity: Limited Liability Partnership
Industry: Architectural Services
Location: New York, NY
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HLW International LLP is a limited liability partnership located at 5 Penn Plz Fl 5 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #2870818708
Loan Size:
Jobs Retained:
209Loan Approved:
2021-03-30Loan Status:
Paid in Full or ForgivenLender:
Blue Foundry BankHLW International LLP in New York, NY received a Paycheck Protection Loan of $2M through Blue Foundry Bank, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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 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, HLW International LLP's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $45,933 per employee1
Reported PPP Proceed Usage:
On the PPP application, HLW International LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,999
- Utilities: $1
Business Information - HLW International LLP in New York, NY
5 Penn Plz Fl 5
New York, NY 10001
Business Industry:
Architectural Services
NAICS code 541310
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
Similar Companies near New York
In the New York area, 259 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 209) and received an average PPP loan of $200,474 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Design Aidd Architecture, Dpc
New York, NY
Acheson Doyle Partners Architects PC
New York, NY
Studio Link-Arc LLC
New York, NY
Alexander Compagno
New York, NY
Peter Brotherton Architect PC
New York, NY
S. Rejeili Architect, PLLC
New York, NY
Michael K Chen Architecture PLLC
New York, NY
Matthew Schnepf Architect PLLC
New York, NY
Saleh And Dirani Architectural Modeling, Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 28,754 businesses in the "Architectural Services" industry received a total of $3.75B 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, 96% lower than HLW International LLP's reported 209 employees, and received an average PPP loan of $130,371, 93% lower than this company's loan of $2M.
HLW International LLP
Entity: Limited Liability Partnership
Industry: Architectural Services
Location: New York, NY
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•
Search All PPP Data
HLW International LLP is a limited liability partnership located at 5 Penn Plaza in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,905,013.00 in April, 2020.
$
PPP Loan Information
Loan #9633337109
Loan Size:
Jobs Retained:
261Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Blue Foundry BankHLW International LLP in New York, NY received a Paycheck Protection Loan of $4.91M through Blue Foundry Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2022.
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, HLW International LLP's 2019 payroll expenses are estimated to be at least $23.54M.
Based on their reported 261 jobs retained, this equals an estimated average yearly compensation of $90,207 per employee1
Reported PPP Proceed Usage:
On the PPP application, HLW International LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,905,013
Business Information - HLW International LLP in New York, NY
5 Penn Plaza
New York, NY 10001
Business Industry:
Architectural Services
NAICS code 541310
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
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as HLW International LLP.
CafÉ Cinq Inc
Full-Service Restaurants
Kitchen Public Relations, LLC
Unknown
CMP Protective And Investigative Group, Inc
All Other Professional, Scientific, and Technical Services
National Cares Mentoring Movement Inc
Human Rights Organizations
Caastle
Electronic Shopping and Mail-Order Houses
Similar Companies near New York
In the New York area, 259 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 261) and received an average PPP loan of $200,474 (compared to this company's $4.91M).
Similar Nearby Businesses Who Received PPP Funding:
Design Aidd Architecture, Dpc
New York, NY
Acheson Doyle Partners Architects PC
New York, NY
Studio Link-Arc LLC
New York, NY
Alexander Compagno
New York, NY
Peter Brotherton Architect PC
New York, NY
S. Rejeili Architect, PLLC
New York, NY
Michael K Chen Architecture PLLC
New York, NY
Matthew Schnepf Architect PLLC
New York, NY
Saleh And Dirani Architectural Modeling, Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 28,754 businesses in the "Architectural Services" industry received a total of $3.75B 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, 97% lower than HLW International LLP's reported 261 employees, and received an average PPP loan of $130,371, 97% lower than this company's loan of $4.91M.
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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