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PPP Loan Data — HLW International LLP, New York, NY

SBA PPP loan data, payroll data, and salaries for HLW International LLP
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 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 Size:

$4.91M

Jobs Retained:

261

Loan Approved:

2020-04-15

Lender:

BLUE FOUNDRY BANK

HLW International LLP received a Paycheck Protection Loan of $4.91M through BLUE FOUNDRY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, HLW International LLP's total 2019 payroll expenses were approximately $23.54M in order to qualify for the PPP loan amount received.

Based on their reported 261 jobs retained, this equals an estimated average yearly compensation of $90,207 per employee1.

Because the loan received by HLW International LLP 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 - HLW International LLP in New York, NY

HLW International LLP
5 Penn Plaza
New York, NY 10001

Business Industry

Architectural Services (NAICS code 541310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 140 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 261) and received an average PPP loan of $213,826 (compared to this company's $4.91M).

Industry PPP Comparison Statistics

Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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, 97% lower than HLW International LLP's reported 261 employees, and received an average PPP loan of $149,750, 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.

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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/hlw-international-llp-new-york-ny