PPP Loan Data — Louann Smith Lcsw PC, Brooklyn, NY
Louann Smith Lcsw PC is a subchapter s corporation located at 57, Montague Street Apt. 2-i, in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $4,600.00 in August, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:ITRIA VENTURES LLC
Louann Smith Lcsw PC received a Paycheck Protection Loan of $4,600 through ITRIA VENTURES LLC, which was approved in August, 2020.
Based on standard PPP eligibility rules, Louann Smith Lcsw PC's total 2019 payroll expenses were approximately $22,080 in order to qualify for the PPP loan amount received.
Unlike most businesses, Louann Smith Lcsw PC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Louann Smith Lcsw PC in Brooklyn, NY
57, Montague Street Apt. 2-i,
Brooklyn, NY 11201
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-07
Similar Companies near Brooklyn
In the Brooklyn area, 12 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 0) and received an average PPP loan of $1,222,932 (compared to this company's $4,600).
Similar Nearby Businesses Who Received PPP Funding:
Marni Low Marriage And Family Therapy
The Arab-American Family Support
Atlantic Avenue Local Development Corporation
Independence Care System Inc.
Stoked Mentoring, Inc.
Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, and received an average PPP loan of $145,761, 3069% higher than this company's loan of $4,600.
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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