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

PPP Loan Data — Hudson Scenic Studio Inc, Yonkers, NY

ALERT: There are 2 PPP loans for a total of $4.56M in our database for businesses with the name "Hudson Scenic Studio Inc" in Yonkers, 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 Hudson Scenic Studio Inc
NY

Hudson Scenic Studio Inc

Entity: Subchapter S Corporation

Industry: All Other Miscellaneous Manufacturing

Location: Yonkers, NY

Search All PPP Data

Hudson Scenic Studio Inc is a subchapter s corporation located at 130 Fernbrook St in Yonkers, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 185 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4115418309

Loan Size:

$2M

Jobs Retained:

185

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Signature Bank

Hudson Scenic Studio Inc in Yonkers, NY received a Paycheck Protection Loan of $2M through Signature Bank, which was approved in January, 2021.

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, Hudson Scenic Studio Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $51,892 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hudson Scenic Studio Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by Hudson Scenic Studio 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 - Hudson Scenic Studio Inc in Yonkers, NY

Hudson Scenic Studio Inc
130 Fernbrook St
Yonkers, NY 10705

Business Industry:
All Other Miscellaneous Manufacturing
NAICS code 339999

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

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

Westchester County, NY — SBA Office 0202 — Congressional District: NY-16

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Hudson Scenic Studio Inc.

Hudson Theatrical Associates LLC
Administrative Management and General Management Consulting Services

$83,055 PPP Loan

Similar Companies near Yonkers

In the Yonkers area, 5 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 185) and received an average PPP loan of $963,839 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 17,138 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.05B 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 12 employees, 94% lower than Hudson Scenic Studio Inc's reported 185 employees, and received an average PPP loan of $119,791, 94% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Hudson Scenic Studio, Inc
NY

Hudson Scenic Studio, Inc

Entity: Subchapter S Corporation

Industry: All Other Miscellaneous Manufacturing

Location: Yonkers, NY

Search All PPP Data

Hudson Scenic Studio, Inc is a subchapter s corporation located at 130 Fernbrook St. in Yonkers, New York that received a Coronavirus-related PPP loan from the SBA of $2,556,469.00 in June, 2020.

The company has reported itself as a male owned business, and employed at least 185 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1383277910

Loan Size:

$2.56M

Jobs Retained:

185

Loan Approved:

2020-06-10

Loan Status:

Paid in Full or Forgiven

Lender:

Signature Bank

Hudson Scenic Studio, Inc in Yonkers, NY received a Paycheck Protection Loan of $2.56M through Signature Bank, which was approved in June, 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 July, 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, Hudson Scenic Studio, Inc's 2019 payroll expenses are estimated to be at least $12.27M.

Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $66,330 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hudson Scenic Studio, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,556,469
Because the loan received by Hudson Scenic Studio, 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 - Hudson Scenic Studio, Inc in Yonkers, NY

Hudson Scenic Studio, Inc
130 Fernbrook St.
Yonkers, NY 10705

Business Industry:
All Other Miscellaneous Manufacturing
NAICS code 339999

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

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

Westchester County, NY — SBA Office 0202 — Congressional District: NY-16

Similar Companies near Yonkers

In the Yonkers area, 5 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 185) and received an average PPP loan of $963,839 (compared to this company's $2.56M).

Industry PPP Comparison Statistics

Nationwide, 17,138 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.05B 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 12 employees, 94% lower than Hudson Scenic Studio, Inc's reported 185 employees, and received an average PPP loan of $119,791, 95% lower than this company's loan of $2.56M.

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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Source: www.federalpay.org/paycheck-protection-program/hudson-scenic-studio-inc-yonkers-ny