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

PPP Loan Data — JBC Holdings NY LLC, New York, NY

ALERT: There are 2 PPP loans for a total of $10.29M in our database for businesses with the name "JBC Holdings NY LLC" in New York, 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 JBC Holdings NY LLC
NY

JBC Holdings NY LLC

Entity: Sole Proprietorship

Industry: Temporary Help Services

Location: New York, NY

Search All PPP Data

JBC Holdings NY LLC is a sole proprietorship located at 108 W 39th St Fl 7 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #1870508410

Loan Size:

$2M

Jobs Retained:

268

Loan Approved:

2021-02-02

Loan Status:

Ongoing Loan

Lender:

Santander Bank, National Association

JBC Holdings NY LLC in New York, NY received a Paycheck Protection Loan of $2M through Santander Bank, National Association, which was approved in February, 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, JBC Holdings NY LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $35,821 per employee1

Reported PPP Proceed Usage:

On the PPP application, JBC Holdings NY LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
Because the loan received by JBC Holdings NY LLC 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 - JBC Holdings NY LLC in New York, NY

JBC Holdings NY LLC
108 W 39th St Fl 7
New York, NY 10018

Business Industry:
Temporary Help Services
NAICS code 561320

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

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 39 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 268) and received an average PPP loan of $978,431 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 9,028 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 81% lower than JBC Holdings NY LLC's reported 268 employees, and received an average PPP loan of $404,747, 80% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for JBC Holdings NY LLC
NY

JBC Holdings NY LLC

Entity: Sole Proprietorship

Industry: Employment Placement Agencies

Location: New York, NY

Search All PPP Data

JBC Holdings NY LLC is a sole proprietorship located at 108 W 39th Street 7th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $8,291,017.00 in April, 2020.

$ PPP Loan Information
Loan #9005237102

Loan Size:

$8.29M

Jobs Retained:

420

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Santander Bank, National Association

JBC Holdings NY LLC in New York, NY received a Paycheck Protection Loan of $8.29M through Santander Bank, National Association, which was approved in April, 2020.

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, JBC Holdings NY LLC's 2019 payroll expenses are estimated to be at least $39.8M.

Based on their reported 420 jobs retained, this equals an estimated average yearly compensation of $94,754 per employee1

Reported PPP Proceed Usage:

On the PPP application, JBC Holdings NY LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,291,017
Because the loan received by JBC Holdings NY LLC 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 - JBC Holdings NY LLC in New York, NY

JBC Holdings NY LLC
108 W 39th Street 7th Floor
New York, NY 10018

Business Industry:
Employment Placement Agencies
NAICS code 561311

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

New York County, NY — SBA Office 0202 — Congressional District: NY-10

Similar Companies near New York

In the New York area, 91 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 420) and received an average PPP loan of $640,008 (compared to this company's $8.29M).

Industry PPP Comparison Statistics

Nationwide, 12,629 businesses in the "Employment Placement Agencies" industry received a total of $3.48B 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 35 employees, 92% lower than JBC Holdings NY LLC's reported 420 employees, and received an average PPP loan of $275,207, 97% lower than this company's loan of $8.29M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jbc-holdings-ny-llc-new-york-ny