PPP Loan Data — Hrly Acquisition LLC, New York, NY
Hrly Acquisition LLC
Entity: Limited Liability Company (LLC)
Location: New York, NYTweet This • Search All PPP Data
Hrly Acquisition LLC is a limited liability company (LLC) located at 240 Madison Avenue Fl 15 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,642,440.00 in April, 2020.
$ PPP Loan Information
Hrly Acquisition LLC in New York, NY received a Paycheck Protection Loan of $4.64M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hrly Acquisition LLC's total 2019 payroll expenses were approximately $22.28M in order to qualify for the PPP loan amount received.
Based on their reported 421 jobs retained, this equals an estimated average yearly compensation of $52,930 per employee1.
Business Information - Hrly Acquisition LLC in New York, NY
240 Madison Avenue Fl 15
New York, NY 10016
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (NAICS code 533110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-12
Similar Companies near New York
In the New York area, 4 businesses in the "Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 421) and received an average PPP loan of $1,436,225 (compared to this company's $4.64M).
Similar Nearby Businesses Who Received PPP Funding:
Carlos Ventura Awnings And Vestibule Professional
New York, NY
Bluestar Alliance LLC
New York, NY
Dramatists Play Service, Inc.
New York, NY
Industry PPP Comparison Statistics
Nationwide, 586 businesses in the "Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)" industry received a total of $73,194,008.00 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 11 employees, 97% lower than Hrly Acquisition LLC's reported 421 employees, and received an average PPP loan of $124,904, 97% lower than this company's loan of $4.64M.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!