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PPP Loan Data — Loeb Partners Corporation, New York, NY

SBA PPP loan data, payroll data, and salaries for Loeb Partners Corporation

Loeb Partners Corporation

Entity: Corporation

Industry: Securities Brokerage

Location: New York, NY

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Loeb Partners Corporation is a corporation located at 100 Wall St Ste 703 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $169,922.00 in May, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Loeb Partners Corporation received a Paycheck Protection Loan of $169,922 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 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, Loeb Partners Corporation's total 2019 payroll expenses were approximately $815,626 in order to qualify for the PPP loan amount received.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $74,148 per employee1.

Business Information - Loeb Partners Corporation in New York, NY

Loeb Partners Corporation
100 Wall St Ste 703
New York, NY 10005

Business Industry

Securities Brokerage (NAICS code 523120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 32 businesses in the "Securities Brokerage" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 11) and received an average PPP loan of $435,876 (compared to this company's $169,922).

Industry PPP Comparison Statistics

Nationwide, 3,089 businesses in the "Securities Brokerage" industry received a total of $262,454,625.00 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 5 employees, 55% lower than Loeb Partners Corporation's reported 11 employees, and received an average PPP loan of $84,964, 50% lower than this company's loan of $169,922.

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.

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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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