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PPP Loan Data — Libby Interiors Inc,
New York, NY
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.
$ PPP Loan Information
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-28Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONLibby Interiors Inc received a Paycheck Protection Loan of $17,692 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Libby Interiors Inc's total 2019 payroll expenses were approximately $84,922 in order to qualify for the PPP loan amount received.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $7,077 per employee1.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 33 businesses in the "Interior Design Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 12) and received an average PPP loan of $263,474 (compared to this company's $17,692).
Similar Nearby Businesses Who Received PPP Funding:
Interstate Interiors Inc.
New York, NY
Slce Architects LLP
New York, NY
DA Vinci Interior Services Corp
New York, NY
Michael Simon Interiors, Incorporated
New York, NY
Karim Rashid Inc
New York, NY
Pembrooke & Ives, Inc
New York, NY
BG Studio International Inc.
New York, NY
WKO Design Build LLC
New York, NY
Vicente Wolf Associates, Inc.
New York, NY
Industry PPP Comparison Statistics
Nationwide, 11,888 businesses in the "Interior Design Services" industry received a total of $541,404,346.00 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 $45,542, 157% 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. 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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