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PPP Loan Data — Manhattan Youth Recreation And Resources, Inc.,
New York, NY
Manhattan Youth Recreation And Resources, Inc.
Entity: Non-profit Organization
Industry: Child Day Care Services
Location: New York, NY
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Manhattan Youth Recreation And Resources, Inc. is a non-profit organization located at 120 Warren Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,796,462.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
397Loan Approved:
2020-05-03Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONManhattan Youth Recreation And Resources, Inc. received a Paycheck Protection Loan of $2.8M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Manhattan Youth Recreation And Resources, Inc.'s total 2019 payroll expenses were approximately $13.42M in order to qualify for the PPP loan amount received.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $33,811 per employee1.
Business Information - Manhattan Youth Recreation And Resources, Inc. in New York, NY
120 Warren Street
New York, NY 10007
Business Industry
Child Day Care Services (NAICS code 624410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 4 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 397) and received an average PPP loan of $826,199 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
Chabad Of Tribeca Corp
New York, NY
5 Point Family LLC
New York, NY
The Park Preschool LTD
New York, NY
Industry PPP Comparison Statistics
Nationwide, 42,269 businesses in the "Child Day Care Services" industry received a total of $2,725,013,735.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 97% lower than Manhattan Youth Recreation And Resources, Inc.'s reported 397 employees, and received an average PPP loan of $64,468, 98% lower than this company's loan of $2.8M.
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.
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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