PPP Loan Data — Lafayette 148, Inc., Brooklyn, NY
Lafayette 148, Inc.
Location: Brooklyn, NYTweet This • Search All PPP Data
Lafayette 148, Inc. is a corporation located at 141 Flushing Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $5,373,480.00 in April, 2020.
$ PPP Loan Information
Lender:HSBC BANK USA, NATIONAL ASSOCIATION
Lafayette 148, Inc. received a Paycheck Protection Loan of $5.37M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lafayette 148, Inc.'s total 2019 payroll expenses were approximately $25.79M in order to qualify for the PPP loan amount received.
Based on their reported 363 jobs retained, this equals an estimated average yearly compensation of $71,054 per employee1.
Business Information - Lafayette 148, Inc. in Brooklyn, NY
141 Flushing Ave
Brooklyn, NY 11205
Sporting and Recreational Goods and Supplies Merchant Wholesalers (NAICS code 423910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-08
Similar Companies near Brooklyn
In the Brooklyn area, 3 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 123 employees (compared to this company's 363) and received an average PPP loan of $1,853,203 (compared to this company's $5.37M).
Similar Nearby Businesses Who Received PPP Funding:
J Tepler & Co
PO Campo, LLC
Industry PPP Comparison Statistics
Nationwide, 4,032 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a total of $485,114,064.00 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 Lafayette 148, Inc.'s reported 363 employees, and received an average PPP loan of $120,316, 98% lower than this company's loan of $5.37M.
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.
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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