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PPP Loan Data — Jazz At Lincoln Center Inc,
New York, NY
Jazz At Lincoln Center Inc
Entity: Corporation
Industry: Promoters of Performing Arts, Sports, and Similar Events with Facilities
Location: New York, NY
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Jazz At Lincoln Center Inc is a corporation located at 10 Columbus Cir 3 Columbus Circle 12fl in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
$
PPP Loan Information
Loan #1150238806
Loan Size:
Jobs Retained:
136Loan Approved:
2021-04-09Loan Status:
Ongoing LoanLender:
TD Bank, National AssociationJazz At Lincoln Center Inc in New York, NY received a Paycheck Protection Loan of $2M through TD Bank, National Association, which was approved in April, 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 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, Jazz At Lincoln Center Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $70,588 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jazz At Lincoln Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Jazz At Lincoln Center Inc in New York, NY
10 Columbus Cir 3 Columbus Circle 12fl
New York, NY 10019
Business Industry:
Promoters of Performing Arts, Sports, and Similar Events with Facilities
NAICS code 711310
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, 39 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 136) and received an average PPP loan of $565,401 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Mercer Operating LLC
New York, NY
United Concerts
New York, NY
Primary Stages Company Inc
New York, NY
Proscenium Events LLC
New York, NY
MCL Productions Inc
New York, NY
Saratoga Int'l Theater Institute DBA Siti Company
New York, NY
D.wise & Company LLC
New York, NY
Fvbr Theatrical Holdings LLC
New York, NY
Roundabout Theatre Company Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 15,396 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a total of $780.5M 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 7 employees, 95% lower than Jazz At Lincoln Center Inc's reported 136 employees, and received an average PPP loan of $50,695, 97% lower than this company's loan of $2M.
Jazz At Lincoln Center, Inc
Entity: Corporation
Industry: Promoters of Performing Arts, Sports, and Similar Events with Facilities
Location: New York, NY
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Jazz At Lincoln Center, Inc is a corporation located at 3 Columbus Circle 12fl in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,440,000.00 in April, 2020.
$
PPP Loan Information
Loan #4448607102
Loan Size:
Jobs Retained:
358Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
TD Bank, National AssociationJazz At Lincoln Center, Inc in New York, NY received a Paycheck Protection Loan of $4.44M through TD Bank, National Association, 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 August, 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, Jazz At Lincoln Center, Inc's 2019 payroll expenses are estimated to be at least $21.31M.
Based on their reported 358 jobs retained, this equals an estimated average yearly compensation of $59,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jazz At Lincoln Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,440,000
Business Information - Jazz At Lincoln Center, Inc in New York, NY
3 Columbus Circle 12fl
New York, NY 10019
Business Industry:
Promoters of Performing Arts, Sports, and Similar Events with Facilities
NAICS code 711310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 39 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 358) and received an average PPP loan of $565,401 (compared to this company's $4.44M).
Similar Nearby Businesses Who Received PPP Funding:
Mercer Operating LLC
New York, NY
United Concerts
New York, NY
Primary Stages Company Inc
New York, NY
Proscenium Events LLC
New York, NY
MCL Productions Inc
New York, NY
Saratoga Int'l Theater Institute DBA Siti Company
New York, NY
D.wise & Company LLC
New York, NY
Fvbr Theatrical Holdings LLC
New York, NY
Roundabout Theatre Company Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 15,396 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a total of $780.5M 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 7 employees, 98% lower than Jazz At Lincoln Center, Inc's reported 358 employees, and received an average PPP loan of $50,695, 99% lower than this company's loan of $4.44M.
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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