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PPP Loan Data — Libby Interiors Inc,
New York, NY
Libby Interiors Inc
Entity: Corporation
Industry: Independent Artists, Writers, and Performers
Location: New York, NY
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Libby Interiors Inc is a corporation located at 1032 Avenue Of The Americas Rm 203 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $17,692.00 in January, 2021.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
$ PPP Loan Information Loan #7936468303
Loan Size:
Jobs Retained:
2Loan Approved:
2021-01-28Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationLibby Interiors Inc in New York, NY received a Paycheck Protection Loan of $17,692 through Bank of America, National Association, which was approved in January, 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, Libby Interiors Inc's 2019 payroll expenses are estimated to be at least $84,922.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $42,461 per employee1
Reported PPP Proceed Usage:
On the PPP application, Libby Interiors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,692
Business Information - Libby Interiors Inc in New York, NY
1032 Avenue Of The Americas Rm 203
New York, NY 10018
Business Industry:
Independent Artists, Writers, and Performers
NAICS code 711510
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
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, 249 businesses in the "Independent Artists, Writers, and Performers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $43,713 (compared to this company's $17,692).
Similar Nearby Businesses Who Received PPP Funding:
Randy Cohen Keyboards LLC
New York, NY
J Bondi, Inc
New York, NY
Glocal, Inc
New York, NY
Jennifer Caprio
New York, NY
Alcorp Inc
New York, NY
Newski Music LLC
New York, NY
Phoenix Red Inc
New York, NY
Bollywood Axion Inc
New York, NY
Phonycppl LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 52,240 businesses in the "Independent Artists, Writers, and Performers" industry received a total of $962,842,494.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, the same amount reported by Libby Interiors Inc and received an average PPP loan of $18,431, 4% higher than this company's loan of $17,692.
Libby Interiors Inc
Entity: Corporation
Industry: Interior Design Services
Location: New York, NY
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Libby Interiors Inc is a corporation located at 1032 Avenue Of The Americas Rm 203 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $17,692.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least twelve people during the applicable loan loan period.
$ PPP Loan Information Loan #7048077201
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-28Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationLibby Interiors Inc in New York, NY received a Paycheck Protection Loan of $17,692 through Bank of America, 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 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, Libby Interiors Inc's 2019 payroll expenses are estimated to be at least $84,922.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $7,077 per employee1
Reported PPP Proceed Usage:
On the PPP application, Libby Interiors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,692
Business Information - Libby Interiors Inc in New York, NY
1032 Avenue Of The Americas Rm 203
New York, NY 10018
Business Industry:
Interior Design Services
NAICS code 541410
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 59 businesses in the "Interior Design Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 12) and received an average PPP loan of $244,414 (compared to this company's $17,692).
Similar Nearby Businesses Who Received PPP Funding:
Franco Rivera Design
New York, NY
Adam Cassino Design Inc
New York, NY
Arthur Dunnam For Jed Johnson Studio
New York, NY
Michael Rosenberg & Associates Inc
New York, NY
Zian New York Corporation
New York, NY
Interstate Interiors Inc
New York, NY
TAD Associates Inc
New York, NY
Pembrooke And Ives Inc
New York, NY
Mccartan Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 20,634 businesses in the "Interior Design Services" industry received a total of $850,347,251.00 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 4 employees, 67% lower than Libby Interiors Inc's reported 12 employees, and received an average PPP loan of $41,211, 133% higher than this company's loan of $17,692.
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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