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PPP Loan Data — Jordache Enterprises Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for Jordache Enterprises Inc.
NY

Jordache Enterprises Inc.

Entity: Subchapter S Corporation

Industry: Men’s and Boys’ Cut and Sew Apparel Manufacturing

Location: New York, NY

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Jordache Enterprises Inc. is a subchapter s corporation located at 1400 Broadway in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,042,632.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.04M

Jobs Retained:

429

Loan Approved:

2020-04-27

Lender:

BANK LEUMI USA

Jordache Enterprises Inc. received a Paycheck Protection Loan of $5.04M through BANK LEUMI USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jordache Enterprises Inc.'s total 2019 payroll expenses were approximately $24.2M in order to qualify for the PPP loan amount received.

Based on their reported 429 jobs retained, this equals an estimated average yearly compensation of $56,421 per employee1.

Because the loan received by Jordache Enterprises 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 - Jordache Enterprises Inc. in New York, NY

Jordache Enterprises Inc.
1400 Broadway
New York, NY 10018

Business Industry

Men’s and Boys’ Cut and Sew Apparel Manufacturing (NAICS code 315220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 21 businesses in the "Men’s and Boys’ Cut and Sew Apparel Manufacturing" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 429) and received an average PPP loan of $386,427 (compared to this company's $5.04M).

Industry PPP Comparison Statistics

Nationwide, 633 businesses in the "Men’s and Boys’ Cut and Sew Apparel Manufacturing" industry received a total of $90,985,899.00 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 15 employees, 97% lower than Jordache Enterprises Inc.'s reported 429 employees, and received an average PPP loan of $143,738, 97% lower than this company's loan of $5.04M.

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/jordache-enterprises-inc-new-york-ny