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

PPP Loan Data — Larson Architecture Works PLLC, New York, NY

ALERT: There are 2 PPP loans for a total of $366,525 in our database for businesses with the name "Larson Architecture Works PLLC" 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 Larson Architecture Works PLLC
NY

Larson Architecture Works PLLC

Entity: Limited Liability Company (LLC)

Industry: Architectural Services

Location: New York, NY

Search All PPP Data

Larson Architecture Works PLLC is a limited liability company (LLC) located at 501 5th Ave Rm 2108 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $150,380.00 in March, 2021.

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

$ PPP Loan Information
Loan #3798098705

Loan Size:

$150,380

Jobs Retained:

11

Loan Approved:

2021-03-31

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Larson Architecture Works PLLC in New York, NY received a Paycheck Protection Loan of $150,380 through JPMorgan Chase Bank, National Association, which was approved in March, 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, Larson Architecture Works PLLC's 2019 payroll expenses are estimated to be at least $721,824.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $65,620 per employee1

Reported PPP Proceed Usage:

On the PPP application, Larson Architecture Works PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $150,378
  • Utilities: $1

Business Information - Larson Architecture Works PLLC in New York, NY

Larson Architecture Works PLLC
501 5th Ave Rm 2108
New York, NY 10017

Business Industry:
Architectural Services
NAICS code 541310

Business Owner Demographics

Race: White

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

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

Similar Companies near New York

In the New York area, 264 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 11) and received an average PPP loan of $250,921 (compared to this company's $150,380).

Industry PPP Comparison Statistics

Nationwide, 29,109 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 27% lower than Larson Architecture Works PLLC's reported 11 employees, and received an average PPP loan of $129,258, 14% lower than this company's loan of $150,380.

SBA PPP loan data, payroll data, and salaries for Larson Architecture Works PLLC
NY

Larson Architecture Works PLLC

Entity: Limited Liability Company (LLC)

Industry: Architectural Services

Location: New York, NY

Search All PPP Data

Larson Architecture Works PLLC is a limited liability company (LLC) located at 412 West End Avenue, 8a 8a in New York, New York that received a Coronavirus-related PPP loan from the SBA of $216,145.00 in May, 2020.

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

$ PPP Loan Information
Loan #1214727706

Loan Size:

$216,145

Jobs Retained:

11

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Larson Architecture Works PLLC in New York, NY received a Paycheck Protection Loan of $216,145 through JPMorgan Chase Bank, National Association, which was approved in May, 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 May, 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, Larson Architecture Works PLLC's 2019 payroll expenses are estimated to be at least $1.04M.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $94,318 per employee1

Reported PPP Proceed Usage:

On the PPP application, Larson Architecture Works PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $170,816
  • Utilities: $1,837
  • Rent: $23,920
  • Health Care: $17,560
  • Debt Interest: $2,012

Business Information - Larson Architecture Works PLLC in New York, NY

Larson Architecture Works PLLC
412 West End Avenue, 8a 8a
New York, NY 10024

Business Industry:
Architectural Services
NAICS code 541310

Business Owner Demographics

Race: White

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

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

Similar Companies near New York

In the New York area, 68 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 11) and received an average PPP loan of $50,349 (compared to this company's $216,145).

Industry PPP Comparison Statistics

Nationwide, 29,109 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 27% lower than Larson Architecture Works PLLC's reported 11 employees, and received an average PPP loan of $129,258, 40% lower than this company's loan of $216,145.

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/larson-architecture-works-pllc-new-york-ny